Amalgamation
As of yesterday, the members of St. Malo Co-op and Clearview Co-op voted to amalgamate in order to become one Co-operative!
Both St. Malo & Clearview Co-op members were unanimous in their vote and we look forward to combining our cooperatives, which will formally come into effect on November 1st , 2021.
Since both organizations are co-operatives, there are many similarities between them. These similarities include a long history of serving and benefiting the communities in which they operate, creating sustainable jobs in their trading areas, a focus on member satisfaction, investing in their communities, and a commitment to growth and diversification.
What this means for our members:
With an amalgamation, the property rights, assets, and privileges, as well as all contracts, liabilities, debts, and obligations of each Co op is the responsibility of the amalgamated Co op.
The membership shares will be converted share for share into an equal number of shares into the newly amalgamated Co-op.
My Equity
• As a St. Malo member, your equity will be carried over to the new amalgamated Co-op
• If a member is a member at both Co-ops, the equity will be combined
My Member Number
• After November 1st, your member number will be updated to include a few numbers in front of your current member number
• A member of both Co-op’s would use their Clearview member number going forward
What this means for our services and commodities:
Clearview Co-op has an extensive network of gas bars, c-stores and cardlocks across South Eastern Manitoba, as well as an established Agro Centre in Steinbach. All member purchases made at any of the 18 Clearview sites will go towards patronage earnings.
Going Forward:
We will continue to be owned by our members, work together for the greater benefit of our members, and improve the economic health of our communities.