The Andersons Expands Grain Storage Capacity
Jul 29, 2009
The Andersons, Inc.
The Andersons recently signed agreements with Mason Elevator Company, Inc. and Woodbury Grain, LLC for grain storage at two south-central Michigan facilities in the communities of Mason and Woodbury. The Andersons will merchandise the grain at both facilities and will also conduct grain originations at the Woodbury facility.
"These additional 4 million bushels of capacity brings our Grain Division's total capacity to more than 101 million bushels," says CEO Mike Anderson. "Our strategy is to expand our presence into more markets through storage agreements, leases and acquisitions. Increasing our capacity enables us to better serve more customers within our primary areas within the Eastern Corn Belt."
Capacity expansion work also is underway at the Company's facilities in Delphi, Indiana, and White Pigeon, Michigan. Each facility will increase its capacity by 750,000 bushels within the next few months.
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:
SOURCE: The Andersons, Inc.
CONTACT: Gary L. Smith, VP, Finance & Treasurer, +1-419-891-6417,
Web Site: http://www.andersonsinc.com/