FCL and Blair’s Family of Companies form joint venture
February 3, 2021
Federated Co-operatives Limited (FCL) and Blair’s Family of Companies (Blair’s) are proud to announce they have agreed to enter into a joint venture that will continue to serve the ag retail needs of local farmers. The joint venture will own and operate Blair’s seven ag retail locations in Lanigan, Nokomis, Watrous, Liberty, McLean, Lipton and Rosthern.
“Blair’s is a trusted and well-respected local family business with history of serving farm customers and communities for generations, and whose values match our own. The joint venture is an opportunity for FCL to expand our presence in central and southeastern Saskatchewan, which will ultimately benefit our local Co-op member-owners and the entire Co-operative Retailing System,” said Ron Healey, FCL Vice-President of Ag and Consumer Business.
For 73 years, Blair’s Family of Companies has provided innovative crop input and animal nutrition products and services to local area farmers. The new joint venture will offer a broad range of crop input and animal nutrition products and services to continue to meet the business needs of local area farmers and ranchers. Blair’s Texcana Logistics fertilizer terminal located near Hanley, Sask., and farming operations, including Blair’s Ag Cattle Company, are not part of the joint venture.
“As a fourth-generation family business, Blair’s has always strived to be innovative, adaptable and resilient in meeting the opportunities and challenges presented by the ag retail industry. A key part of our strategy to continue demonstrating value to our customers, employees and communities, has been preparing our business for the future. We believe the joint venture with FCL, which shares the same core values and long-term commitment to agriculture as us, will ensure that we continue demonstrating value to our customers, employees and communities in the future. We are stronger together and better positioned to provide our customers with the solutions they require,” said Darren Blair, Blair’s Chief Operating Officer.
Blair’s Family of Companies management and team will continue to lead the day-to-day operations of the ag retail business.
The joint venture is subject to standard closing conditions, including Competition Bureau and other regulatory clearances.