The boards of directors of Koepon Holding BV and Cooperative Resources International (CRI) have reached agreement on a plan to merge their organizations. The agreement is nonbinding, and subject to due diligence and other customary conditions, including receipt of requisite governmental and other consents and approvals. Once completed, final agreement will be conditional upon approval by both boards of directors as well as the delegates of CRI. If successful, the organizations plan to formalize the merger by mid-2018.
Both Koepon and CRI, through Alta Genetics and GENEX, are global providers of bovine genetics and related services. Similarly, Koepon and CRI subsidiaries, Valley Ag Software and AgSource, provide herd management and information services to dairy producers. Koepon and CRI also have other businesses centered around services and products for agricultural producers. Koepon is privately owned, and CRI is cooperatively-owned by its farmer-members. CRI cooperative operations will be maintained as part of the merged entity. The new organization will be incorporated and headquartered in Wisconsin.