DFC is expanding with new merger
Napoleon-based Central Dakota Frontier Cooperative and AgVantage Cooperative of New Salem have announced the merger of AgVantage Cooperative into DFC.
DFC has facilities in Hazelton, Wishek and Napoleon.
The merger positions DFC as a leading Agronomy and Supply Cooperative in south central North Dakota and strengthens the western market footprint to better serve its patrons, according to DFC.
The transaction creates a local, independent, patronowned cooperative with combined revenues exceeding $60,000,000.
AgVantage will brand as DFC, and the combined company’s headquarters will be located in Napoleon. The integration process is planned to be complete by August 1, 2013.
DFC General Manager, Nick Breidenbach, who will lead the company, said, “The combining of the two organizations supports the DFC strategy of calculated growth for the benefit of its patrons. This merger will bring with it economies of scale that will be shared across the market territory and take the cooperative another step closer to creating a North Dakota cooperative that can not only survive in today’s competitive marketplace but thrive and bring real value to its customers.”
Breidenbach continued, “Both Boards of Directors are very excited about the potential of the trade area and see the need to maintain independence and local control and there is a great deal of confidence that the very talented staff of AgVantage will flourish as part of a larger organization.”
Both DFC and AgVantage were chartered as independent cooperatives in the mid 1940s. Both companies have a primary focus of agronomy supply and have shops and fuel supply service as well.
The merger was voted upon by the patrons of AgVantage in New Salem and passed 136 votes in favor, 18 votes against.
An informational meeting will be held for the patrons of DFC at the Legion Hall in Napoleon on Tues., April 9, 2013, after the annual meeting, which begins at 7 p.m.