Albert City, Iowa — A grain coop with locations in eight communities in the four northwest Iowa counties is announcing a change.
Alceco, an Iowa Cooperative based in Albert City Iowa, has signed a letter of intent to acquire full ownership of Ag Partners, LLC on or around July 31, 2020. Ag Partners has been a joint venture between Alceco and Cargill since its formation in 1997.
Alceco Board Chairman Jim Franzmeier says they have very much appreciated the relationship they have had with Cargill. He says that while the ownership will change, they look forward to a continued strong relationship with Cargill through the Ag Partners’ rail facilities, grain marketing alternatives, and feed ingredient needs.
CEO of Ag Partners Troy Upah says that customers, employees, and suppliers will see very few changes as the Alceco board will initially run under the Ag Partners’ brand.
Ag Partners provides products, services, and market access in the areas of grain, agronomy, feed, and petroleum. The company’s locations include retail and wholesale agronomy outlets, grain/petroleum facilities, and feed mills. They have 18 facilities in the area, including three in Sheldon, and one each in Calumet, Sutherland, Alton, Matlock, Maurice, Hospers, and Hartley, in addition to facilities elsewhere in Iowa.