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IN THE NEWS
Celebrate the grand opening of UFA’s newest Farm store and Petroleum agency on August 20th. Paul Brandt reports on his UFA Open For Life fishing trip with contest winner Ryan Francis. Congratulations to Ryan Francis! Winner of the 5 day, 5 night fly fishing weekend with Paul Brandt.
When UFA celebrates its centennial in 2009, I believe our co-operative will be even stronger than it is today.
 -Dallas Thorsteinson, President and CEO |
UFA Co-operative Limited’s acquisition of Wholesale Sports advances the co-operative towards its mission.
Calgary, July 16—UFA Co-operative Limited’s aggressive growth plans lead it to acquire Wholesale Sports of Calgary. “UFA is a co-operative committed to fulfilling our mission of serving the people who live, work and play in rural communities,” says Dallas Thorsteinson, president and chief executive officer. “The Wholesale Sports acquisition advances our strategy, while diversifying UFA’s business. We recognize that our ability to serve our traditional, core agricultural members and customers depends, in part, on diversifying beyond our traditional businesses.” Wholesale Sports is a privately-owned sporting good chain that’s been in business for more than 30 years. Since 2005, they’ve grown their business by about 110 per cent. The management and employees of Wholesale Sports have built a successful business by understanding and serving the market. UFA will operate Wholesale Sports as wholly-owned subsidiary with the same employees and vendors who have contributed to the success of Wholesale Sports. “UFA’s success has come from staying in touch with our members, customers and the rural communities we serve,” says Clarence Olthuis, chairman of UFA’s board of directors. “This acquisition is an investment in the sustainability of our co-operative while maintaining the focus on why we exist.” UFA’s 2007 revenues were more than $1.8 billion, ranking it among the 40 largest Alberta companies in terms of revenue, according to PricewaterhouseCoopers and Alberta Venture magazine. About UFA Co-operative Limited UFA Co-operative Limited is one of Alberta’s most dynamic enterprises and was recognized by Alberta Venture magazine as one of Alberta’s most respected corporations in 2007. Canada’s largest re-seller of diesel products serves rural communities throughout Alberta, B.C. and Saskatchewan with a construction division and an unmatched network of retail stores and petroleum outlets. With more than $1.8 billion in annual revenues and 120,000 active members, UFA is one of Canada’s most successful co-operatives. For more information, please contact: Natalie Dawes, Manager, Corporate Communication UFA Co-operative Limited 403-258-4521 natalie.dawes@ufa.com |