June 1, 2016
The Andersons finalises sale of grain and plant nutrient assets in Iowa, US
The Andersons, Inc. has completed the sale of eight of its facilities in Iowa, US, to MaxYield Cooperative (West Bend, Iowa), the company announced in May this year.
"We believe the sale of these assets to MaxYield provided the best solution for the operation of these facilities as well as for employees and customers," said CEO Pat Bowe.
The Andersons acquired the eight grain and agronomy locations as a part of its 2012 acquisition from Green Plains Grain Company. The Tennessee assets acquired during that same transaction will remain a part of The Andersons. This transaction does not divest or otherwise involve the company's ethanol facility or recently-acquired Nutra-Flo facilities in Iowa.