MANLIUS, Illinois — River Valley Cooperative, headquartered in Davenport, Iowa, and Michlig Grain Holdings, LLC today announced that they have signed an agreement for River Valley Cooperative to acquire the assets of Michlig Grain Holdings, LLC. River Valley Cooperative is expected to complete the acquisition by the end of May 2020.
“The culture and values of River Valley Cooperative are consistent with what Michlig Grain has developed over its 40-year history, and I am excited to know that our customers will continue to get the same great service their loyalty deserves,” said Michlig Grain Holdings, LLC owner, Don King.
Michlig Grain Holdings, LLC, which celebrated their 40-year anniversary in 2019, manages seven commercial grain elevator facilities in Illinois with locations in Deer Grove, Manlius, Bradford, Sheffield, Cambridge, Mineral and Broadmoor, and has revenues of approximately $130 million. Michlig Grain employs 30 people, who are expected to join River Valley Cooperative and continue serving Michlig Grain customers.
River Valley Cooperative is a full-service ag cooperative with annual sales in excess of $500 million. Owned by over 2,800 farm families in Eastern Iowa and Northwest Illinois, River Valley Cooperative has 30 locations with over 300 employees. In addition to the grain business, River Valley Cooperative offers products and services in agronomy, energy, and feed. River Valley Cooperative’s parent roots date back to 1906.