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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SOURCE The Andersons, Inc.