MAUMEE, Ohio, Aug. 5 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) announced today it has completed the purchase of three
pelleted lime production facilities in Ohio, Illinois, and Nebraska to
expand the pelleted lime capabilities of its Plant Nutrient Group.
The acquisition includes three manufacturing facilities; Mineral
Processing, Inc., in Carey, Ohio, ASC Mineral Processing Inc., in
Fairmount, Ill., and a facility located in Weeping Water, Neb., all of
which were previously owned by the Allen family of Allerton, Illinois.
"This acquisition will expand our manufacturing capabilities at least
three fold and enable us to provide greater volume and supply security to
our customers," explains CEO Mike Anderson. "The acquisition will make us
the largest producer of pelleted lime in North America."
The facilities produce high calcium pelleted lime, high magnesium
pelleted lime and pelleted gypsum. Established two decades ago, the
operations were among the pioneers in the development of the pelleted lime
production process. In 2007, the operations distributed nearly 200,000 tons
of product.
"We are excited about what this transaction means to the future of
these operations," says Vicki Allen, a representative for the family
owners. "It is our sincere belief that The Andersons can carry on the dream
our family has spent more than two decades pursuing."
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the
grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as
in railcar leasing and repair, turf products production, and general
merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now
has operations in 11 U.S. states and Puerto Rico, plus rail equipment
leasing interests in Canada and Mexico. For more information, visit The
Andersons online at http://www.andersonsinc.com.
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com
CONTACT:
Gary L. Smith, VP, Finance & Treasurer,
+1-419-891-6417, gary_smith@andersonsinc.com
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