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 Chem Nut, Inc.is a stock held corporation owned by more than 200 active members representing approximately 275 retail locations. Each dealer is required, presently, to purchase 666.67 shares for a total purchase price of $10,000 (1 unit) for membership. Each unit is subject to U.S. law and is governed by the Securities and Exchange Commission (SEC). The company has an IRS tax status of non-exempt cooperative which allows profits to be distributed to its' shareholders before taxes. Chem Nut was formed in 1974 by the Southern Peanut Warehousemen's Association and has grown to cover fourteen (14) southern and southeastern states.
The idea behind Chem Nut is to provide its members a buying position creating a more favorable margin. The volume power allows the group to accomplish more together than one could alone. Chem Nut will continue to keep operating expenses low so that members can compete with larger companies.
CHEM NUT employs 31 full time employees. A Board of Directors, elected by the shareholders, employs the CEO. These eleven (11) Directors serve three (3) year staggered terms.
CHEM NUT's primary mission is to establish a unified marketing group that will meet the needs of its members. Sales training, inventory management, finance, environmental issues and profitability are addressed as a single unit. Following common goals and acting in concert allows the group to be efficient and effective over a wide area. Product introduction and promotion can be targeted in directions that best serve the overall group. This requires sacrifice and dedication that would otherwise not be required. However, the rewards are greater than an individual could attain alone. Existing members realize this is the key to present and future success.
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