The German feed cooperative Raiffeisenbank Ems-Vechte, which also supplies Dutch livestock farmers in the North and East of the Netherlands, announced just before the holidays that it would merge with a fellow countryman. Both parties hope to benefit from economies of scale through the collaboration.
This is a merger with Raiffeisen-Waren Ringe-Wielen-Georgsdorf. This cooperative does not produce feed and is mainly active in operating several petrol stations and shops (focus on animals and garden). The turnover in 2023 was €49 million. Raiffeisen Ems-Vechte achieved a turnover of €2023 million in 562 and is therefore the superior party.
The Raiffeisenbank Ems-Vechte cooperative includes, in addition to the feed factories, 6 shops and 24 petrol stations. The synergy benefits must therefore be sought primarily in that area.
Both parties satisfied
Directors of both parties say they are satisfied with the proposed merger. Albert Weermann, member of the board of Raiffeisenbank Ems-Vechte: "Historically and regionally, we have always maintained close business relations with the neighbouring Raiffeisen-Waren Ringe-Wielen-Georgsdorf. Thanks to the overlapping business activities in the region, we can now avoid duplicate structures in the future and thus exploit local synergy effects."
A similar sound is heard from the Raiffeisen-Waren Ringe-Wielen-Georgsdorf side. General Manager Geert Schiphouwer: "From the perspective of the ongoing structural change in the agricultural sector, we have been orienting ourselves for a long time about the future direction of the cooperative and about sensible options to take joint paths".
In the future combination, Schiphouwer will be in charge of the retail activities of the merged company.
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