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THE ANDERSONS COMPLETE PURCHASE OF GRANULATION FACILITY IN MICHIGAN
May 23, 2023
Source: The Andersons news release
MAUMEE, OHIO, - The Andersons, Inc. (Nasdaq: ANDE) has purchased the operating assets of an existing granulation facility in Laingsburg, Michigan. These operating assets will be used to produce natural limestone and gypsum soil amendments in addition to other proprietary granulated products.
"Acquiring this production facility is a significant step towards fulfilling The Andersons commitment to serving the agricultural markets in Michigan and surrounding areas," said Andrew Spahr, Vice-President Wholesale. "We are excited to bring this facility into our granulation portfolio, which will allow us to better serve our customers and provide them with the highest quality products."
About The Andersons, Inc.
The Andersons, Inc., named to Forbes list of America's Best Small Companies for 2023 and one of the Greatest Workplaces for Diversity 2023 by Newsweek, is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and nutrient and industrial sectors. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.
The Andersons Nutrient and Industrial business formulates, stores, and distributes nutrients, specialty and industrial inputs, and corncob-based products. It serves the agriculture industry with nitrogen, phosphorus, and potassium (NPK) and a specialty product portfolio of liquid fertilizers, micronutrients, enhanced efficiency products, and soil amendments. For more information on The Andersons primary nutrient and specialty ag products, visit www.andersonsplantnutrient.com.
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