The Andersons Finalizes Purchase of Pelleted Lime Operations
Aug 5, 2008
The Andersons, Inc.
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 www.andersonsinc.com.
First Call Analyst:
SOURCE: The Andersons, Inc.
CONTACT: Gary L. Smith, VP, Finance & Treasurer, +1-419-891-6417,
Web site: http://www.andersonsinc.com/