MAUMEE, Ohio and BOCA RATON, Fla., Sept. 23 /PRNewswire-FirstCall/ --
The Andersons, Inc. (Nasdaq: ANDE) and Patriot Rail Corp. ("Patriot") today
announced that The Andersons, Inc. recently opened a new railcar repair
shop in Ogden, Utah, on the property of Patriot's wholly-owned railroad
subsidiary, the Utah Central Railway ("UCRY").
This is the second railcar repair shop The Andersons has opened this
year with Patriot Rail. In March 2008, The Andersons opened a car repair
shop in Anaconda, Montana, at Patriot's Butte, Anaconda & Pacific Railway.
At UCRY's Ogden, Utah location, The Andersons will perform railcar
maintenance and repair services on railcars owned by third parties, as well
as railcars managed by The Andersons.
"Our overall strategy includes providing quality repairs and
outstanding customer service at locations throughout the United States,"
said Rasesh Shah, President of The Andersons' Rail Group. "The opening of
the location in Utah fits well with this strategy and enables us to
continue to grow our relationship with Patriot Rail."
Gary O. Marino, Chairman, President and CEO of Patriot Rail Corp.,
said, "We welcome The Andersons to our Utah railroad and look forward to
further expanding our relationship to our other rail properties in the
future. These car repair shops provide 'one-stop shopping' for railcar
owners needing to have their cars repaired at a convenient location. At the
same time, our railroads are able to better utilize their facilities and
increase non-freight related income."
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 12 U.S. states and Puerto Rico, plus rail equipment
leasing interests in Canada and Mexico. For more, visit The Andersons
online at http://www.andersonsinc.com .
About Patriot Rail Corp.
Patriot Rail Corp. is a short line and regional freight railroad
holding company based in Boca Raton, Florida. The Company owns and operates
five short line freight railroads comprising 321 total rail miles - the
Tennessee Southern Railroad in Tennessee and Alabama, the Butte, Anaconda &
Pacific Railway in Montana, the Utah Central Railway in Utah, the
Sacramento Valley Railroad in California, and the Louisiana & North West
Railroad in Louisiana and Arkansas. For more, visit Patriot Rail online at
http://www.patriotrail.com . Contact: Wayne August, (561) 443-5315.
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com
http://www.patriotrail.com
CONTACT:
Gary L. Smith, VP, Finance & Treasurer of The
Andersons, Inc., +1-419-891-6417, gary_smith@andersonsinc.com
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