Ashley Schumacher, Marketing Manager, ALCIVIA
For Immediate Release: September 7, 2022
ALCIVIA Co-Owner of Direct Source Ingredients
Cottage Grove, WI – ALCIVIA announced today that they have become a co-owner of Direct Source Ingredients (DSI). ALCIVIA joins Ag Partners (Goodhue, MN), Central Farm Service (Truman, MN) and United Farmers Coop (Winthrop, MN) in their ownership of DSI. This investment shows ALCIVIA’s continued commitment to solutions that drive value for our members, customers, and the cooperative, and strongly aligns with our mission of “Advancing our customers through innovative and responsible solutions.”
DSI provides services to cooperatives throughout the Midwest to source ingredients and commodities for animal nutrition feed manufacturing. With the new ownership group in place, DSI will enhance their product and service offerings, strengthen their balance sheet, and position the business so it remains viable, competitive, and enables future growth. The four owning entities bring unique industry knowledge, skills, and resources which allows DSI to establish efficiencies, implement new technology, and serve their customers better than ever.
Wayne Gould, CEO and General Manager of DSI, will report to a board of directors comprised of the new ownership group.
“Becoming co-owner of Direct Source Ingredients provides significant value to ALCIVIA’s members and our animal nutrition and feed operations and strengthens our commitment to advance our customers through innovative and responsible solutions.” said Jim Dell, ALCIVIA CEO and President. “We are excited for the opportunity to work closely with the ownership group and support DSI’s continued success and growth.”
ALCIVIA is a leading, member-owned agricultural and energy cooperative driven by our passion for excellence and a future without boundaries. Located in Wisconsin and serving farm, business and retail customers in Wisconsin, Minnesota, Illinois, and Iowa, our engaged employees provide innovative, responsible solutions to help drive the immediate and long-term success of our customers, including competitive operating loans and input financing, as well as best-in-class products and services for the agronomy, animal nutrition, energy, and grain needs of our customers.