Calcot, SWIG consider combining

Two of the nation's oldest cotton marketing cooperatives have agreed to explore the possibilities of combining operations.

The boards of directors of Calcot Ltd., headquartered in Bakersfield, Calif., and Southwestern Irrigated Cotton Growers, based in El Paso, Texas, have signed a non-binding letter of intent to examine the benefit of joining forces.

Executives for both firms say the idea holds strong potential.