Two agricultural cooperatives from Scotland have declared intentions to combine their activities.
If approved, the merger between Laurencekirk-based Ringlink Scotland Ltd and Highland Business Services Ltd (HBS) would result in a combined membership exceeding 4,000 farmers and crofters with an estimated annual revenue of £100 million.
HBS, based in North Kessock, will seek member approval for the plans through a vote scheduled for next month. Should the proposal be endorsed, the merger could occur as early as August 1st.
In agriculture, "rings" allow farmers to share assets like equipment and laborers, and they began gaining popularity in Scotland approximately half a century ago.
The Borders Machinery Ring was the pioneer in the UK when it was founded in 1987, followed closely by Ringlink Scotland which became the second entity of its kind after being established one year later.
'Reduce costs'
The suggested new enterprise would adopt the Ringlink Scotland title and might encompass approximately 450 employees altogether.
It would function in the Highlands, Argyll, Angus, and Fife.
The HBS plans to have its members cast their votes on the merger on July 11th.
Ringlink Scotland stated that it will keep its offices located in Cupar, Coupar Angus, Oldmeldrum, and Elgin.
Chairman James Porter stated: "The two rings have collaborated effectively over the past several years, and the suggested consolidation represents the natural progression of the machinery ring initiative in northern Scotland."
Anne Rae MacDonald, as the chairwoman of HBS, stated that the merger represents a "substantial advancement" in the progression of the Highland group.
She stated: "This merger will allow the combined entity to leverage current assets, uncover fresh prospects for agricultural operations, offer continuous assistance to employees, and cut expenses related to management, digital tools, and specialized services."
Several additional rings exist in Scotland, with roughly 30 in total throughout the UK.
One of the goals of these groups is to address staffing shortages and assist individual farmers in avoiding the costly purchase of expensive equipment.
Related internet links
- HBS
- Ringlink Scotland Ltd
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