Oregon cooperative sells propane division

December 2, 2016 By    

Pendleton Grain Growers, a member-owned agricultural marketing and supply cooperative serving customers in eastern Oregon and eastern Washington, sold its propane division to Morrow County Grain Growers.

Morrow County Grain Growers is a 600-member cooperative that serves north central Oregon and south central Washington. Its business interests are grain, agronomy, fuel operations, auto parts and farm equipment sales.

“The [Pendleton Grain Growers] board of directors has been seeking a local buyer for the cooperative’s propane assets that would serve as a strong partner for our agricultural community,” says Tim Hawkins, chairman of Pendleton Grain Growers’ board of directors. “We believe [Morrow County Grain Growers], a local business that is well known to our members and other customers, is the right partner.”

The transaction covers the sale of all Pendleton Grain Growers assets that are used in the propane business, including vehicles, inventory and related information. Morrow County Grain Growers plans to hire current Pendleton Grain Growers employees involved in the propane business, Morrow County Grain Growers adds.

“The [Pendleton Grain Growers] assets will add meaningfully to the scale of our propane business, which will better position us to take advantage of growth opportunities in a sector that we can provide a good return on our invested dollars,” says John Ripple manager at Morrow County Grain Growers.

Comments are currently closed.