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Elevator merger put on hold

4/19/12 (Thu)

Elevator merger put on hold
Falkirk manager resigns
By Stu Merry
BHG News Service

The proposed merger of the Falkirk Farmers Elevator and Hazen Farmers Elevator with CHS/Garrison Farmers Union Elevator could fall through.
Falkirk elevator general manager Ron Hefta tendered his resignation without a public explanation.
The merger was put on hold when inconsistencies were found in financials when auditors were conducting the voluntary investigation, or due diligence process of the business.
Lani Jordan, CHS spokesperson and director of communications, said CHS has no comment regarding customer relations.
She did say, however, that CHS is committed to the long-term success of its co-ops for the farmers that own them.
“We always strive to provide solutions that are in the best interest of farmers,” she said.