December 4, 2012
The Andersons completes purchase of Green Plains Grain Company
The purchase of a majority of the grain and agronomy locations of Green Plains Grain Company, LLC, a subsidiary of Green Plains Renewable Energy, Inc. (GPRE) was completed as announced by The Andersons on Monday (Dec 3).
"We are significantly diversifying our grain and agronomy businesses by expanding into Iowa and Tennessee with the acquisition of these high quality assets. Expanding our connectivity to the 'farm gate' is part of our long-term strategy," says Denny Addis, President, Grain Group.
"We are embarking on a new opportunity with a new team in new communities and look forward to providing service to thousands of new customers," he continues.
They are fortunate to be adding a skilful, knowledgeable and customer-service oriented 130-member workforce to their grain and agronomy teams. The drought aside, this year has been significant for the Grain Group in terms of growth.
The purchase includes seven facilities in Iowa and five in Tennessee, with a combined grain storage capacity of about 32 million bushels, which increases the Grain Group's storage capacity by nearly 30%. Two Iowa locations also have 30,000 tonnes of combined fertiliser storage.