The Andersons Finalizes Addition of Grain Storage in Michigan

PRNewswire-FirstCall
MAUMEE, Ohio
Sep 30, 2008

The Andersons, Inc. announced today it has completed the purchase of a grain storage facility in Reading, Mich., and finalized a leasing agreement for a facility in Jonesville, Mich., from JBS United in Sheridan, Ind.

The two facilities will provide The Andersons with 3.6 million bushels of additional storage capacity in Michigan, bringing the company's total capacity to about 90 million bushels throughout the Eastern Corn Belt.

The Andersons continues to expand its storage capacity and service to customers in its growing grain operations.

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 information, visit The Andersons online at www.andersonsinc.com.

First Call Analyst:
FCMN Contact:

SOURCE: The Andersons, Inc.

CONTACT: Gary L. Smith, VP, Finance & Treasurer, of The Andersons, Inc.,
+1-419-891-6417, gary_smith@andersonsinc.com


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