Select Sires Announces Potential Merger to Create CentralStar

December 18, 2018 11:45 AM
 
East Central/Select Sires and NorthStar Cooperative have a potential merger in the making.

Joining forces, East Central/Select Sires and NorthStar Cooperative have signed an intent to merge after reaching a unanimous decision to work toward unifying the two business entities under the name CentralStar Cooperative Inc.

Before the merger is complete, the artificial insemination cooperatives will conduct a vote amongst stockowners and delegates early in 2019. Upon a positive vote, the business operations will come together beginning May 1.

“The board is really excited about this potential merger,” said Paul Trierweiler, president, NorthStar Cooperative board of directors. “Collaborating in strategic alliances is one element of NorthStar’s vision, which guides us into discussions like this one. The dairy and beef industries are changing rapidly, and the board believes becoming one cooperative creates a lot of opportunities to better serve all members and customers.”

“Employees will see advantages, as well,” added Steve Abel, president, East Central/Select Sires board of directors. “By combining employee numbers from both cooperatives, we can use economies of scale in areas such as benefits, insurance, and technology. There will be more opportunity for career development, and with expanded services, employees will benefit from providing more value to customers.”

 

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States affected by this announcement include:

  • Wisconsin
  • Michigan
  • Indiana

In October, Select Sires announced a merger between Select Sire Power, Inc. and Southeast Select Sires, Inc. Effective Jan. 1, 2019, the two business will merge to become Premier Select Sires.

This news also comes after the announcement of the holding companies Alta Genetics and GENEX forming their new organization, URUS. The intent to merge Koepon Holding BV and Cooperative Resources International (CRI) was first announced last December. Included in the merger are the following companies: AgSource, Alta Genetics, GENEX, Jetstream Genetics, PEAK/GENESIS, SCCLand VAS.

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