Universal Cooperatives | |
Type: | agricultural supply cooperative federation |
Fate: | Bankruptcy |
Predecessor: | United Cooperatives, Inc. and National Cooperatives, Inc |
Foundation: | 1972 |
Location City: | Eagan, Minnesota |
Location Country: | United States |
Industry: | agriculture |
Members: | 14 |
Universal Cooperatives, based in Eagan, Minnesota, was a cooperative controlled by 17 regional agricultural marketing and agricultural supply cooperatives. The distribution system included 110 regional feed mills, 26 warehouses, and 7 research farms. The company was formed November 1, 1972 by a merger of United Cooperatives, Inc. of Alliance, Ohio and National Cooperatives, Inc. of Albert Lea, Minnesota. The companies had inter-mixed ownership, leading to merger discussion, and eventual merger. On May 11, 2014, Universal Cooperatives, Inc. and its domestic subsidiaries filed for voluntary Chapter 11 bankruptcy.
United Cooperatives began in 1930 as Farm Bureau Oil Company, and changed its name in 1936. Founding members include:
National Cooperatives was founded in 1933 by
Universal owns the CO-OP brand, which is used on tires, batteries, farm chemicals, animal health products, twine, and lubricants. It distributes tires through the Mr. Tire chain.