The Andersons Buys Michigan Grain Elevators

The Andersons Inc. has purchased Auburn Bean and Grain, which owns six grain and four agronomy facilities in north central Michigan.

The facilities, which hold interchange agreements with Canadian National, CSX and Norfolk Southern, can store about 18.1 million bushels of grain, 16,000 tons of dry products and 3.7 million gallons of liquid nutrients.

The acquisition will increase the storage capacity of The Andersons’ Grain Group by about 13 percent and further enhance the company’s presence in one of its core states, said The Andersons Chief Executive Officer Mike Anderson in a news release.

“This acquisition provides an increase in our storage capacity and volume for both our grain and nutrient businesses, and it also represents a nice geographic fit between our other Michigan assets and our Thompsons joint venture in Ontario,” he said.

Tags: grain elevators, The Andersons