Elburn Coop completes Newark Seed Acquisition
SYCAMORE, ILL.—Elburn Cooperative Co. recently announced that it has completed the acquisition of Newark Seed on Highway 52 in Newark, Ill.
Elburn Cooperative completed the transaction, which began in 2007 when Elburn Cooperative took over the Pioneer Seed Agency, operated by Steve Scalf, on Highway 52 south of Newark.
“We’re extremely pleased with the growth of our seed sales at Newark, and with the help of our partners at Pioneer, we look forward to growing the business further,” said Dave Myers, Agronomy Division Manager for Elburn Cooperative. “We have a great team at Newark, and they are an important part of our agronomy offering in the southern part of our territory.”
Scalf in 2007 became an employee of Elburn and manager of the Newark location, and he continued to own and operate the bulk seed and treatment facilities. With the purchase’s completion, Elburn Cooperative will own and operate the bulk seed and treatment facilities. Scalf will continue to manage the location.
The site also employs two sales people, Fred Blue and Nate Rink, and a seasonal employee, Jake Scalf, who handles seed treatment.