The Andersons Launches Maumee Ventures
Jan 26, 2015
MAUMEE, OHIO, January 26, 2015 - The Andersons announces today the establishment of Maumee Ventures, a venture capital subsidiary of The Andersons designed to foster promising innovations that strategically align with the company’s core businesses.
“Emerging technologies are impacting all industries, and agriculture is no different,” says Joe Needham, managing partner of Maumee Ventures. “As an early stage, series A/B investor we are seeking opportunities to invest in practical solutions primarily in agriculture such as plant nutrients, crop protection, grain supply chain, precision agriculture and renewable energy. Our goal is to leverage our unique capabilities to accelerate the growth of these innovations.”
Agriculture and related sectors are increasingly powered by applied sciences, such as remote analysis of soils and spectral data to optimize water and nitrogen application. “Maumee Ventures is actively seeking out and examining start-ups where we have in-depth industry expertise and where we can add significant value beyond mere capital investment,” explains Needham.
Additional information and a proposal submission can be accessed at www.MaumeeVentures.com.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company rooted in agriculture. Founded in Maumee, Ohio, in 1947, the company conducts business across North America in the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob products, and consumer retailing. For more information, visit The Andersons online at www.andersonsinc.com.
SOURCE: The Andersons, Inc.
For further information: Debra A. Crow, Corporate Communications Manager, Phone: 419-891-6483, E-mail: [email protected]