The Andersons to purchase two grain cleaning and storage facilities

The Andersons, Inc. has recently signed a letter of intent to purchase two grain cleaning and storage facilities from O'Malley Grain, Inc.

Terms of the deal include O'Malley's two facilities in Fairmont, Nebraska, US and Mansfield, Illinois, US. Since 1981, O'Malley has been supplying consistent, high quality food-grade corn to the snack food and tortilla industries. Closing will occur as soon as reasonably practical following negotiation and execution of definitive agreements, according to The Andersons.

Mike Anderson, chairman and CEO, said the deal was a continuation of The Andersons' strategy of investment in logical business, operational and geographic adjacencies.

"Essentially, the mechanisms of the business are the same as what we've been doing since our beginning," Anderson said. "We will extend the same value system of providing exceptional customer service and enjoying lasting relationships to this new arena."