Andersons : Finalizes Sale of Grain and Plant Nutriean>
November 25, 2016 at 12:39 am EST
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MAUMEE, Ohio, May 2, 2016 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces today it has completed the sale of eight of its facilities in Iowa to MaxYield Cooperative of West Bend, Iowa.
'We believe the sale of these assets to MaxYield provided the best solution for the operation of these facilities as well as for employees and customers,'said CEO Pat Bowe.
The Andersons acquired the eight grain and agronomy locations as a part of its 2012 acquisition from Green Plains Grain Company. The Tennessee assets acquired during that same transaction will remain a part of The Andersons. This transaction does not divest or otherwise involve the Company's ethanol facility or recently-acquired Nutra-Flo facilities in Iowa.
About The Andersons, Inc.
Founded in Maumee, Ohio, in 1947, The Andersons is a diversified company rooted in agriculture conducting business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company also has a consumer retailing presence. For more information, visit The Andersons online at www.andersonsinc.com.
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The Andersons Inc. published this content on 07 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 November 2016 05:39:05 UTC.
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The Andersons, Inc. is a diversified company, which is engaged in the operations of agricultural supply chain. The Company operates through three segments: Trade, Renewables, and Nutrient and Industrial. The Trade segment is a diversified business focusing on capturing profits through merchandising and managing logistics across a wide range of commodities. The segment specializes in the movement of physical commodities, such as whole grains, grain products, feed ingredients and domestic fuel products among other agricultural commodities. The Renewables segment produces, purchases, and sells ethanol and co-products, offers facility operations, and provides risk management and marketing services to the ethanol plants it invests and operates. The Nutrient & Industrial segment is a manufacturer, distributor and retailer of agricultural and related plant nutrients, liquid industrial products, corncob-based products, pelleted lime and gypsum products, pesticide, and others.
THE ANDERSONS, INC. 
