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Slide #35. The Andersons, Inc. and Lansing Trade Group, LLC — Thompsons Limited
The Andersons, Inc. and Lansing Trade Group, LLC (NASDAQ:ANDE)
The Andersons, Inc. (Nasdaq: ANDE">ANDE) and Lansing Trade Group, LLC announce today they have finalized the acquisition of Thompsons Limited, a grain and food-grade bean handler and agronomy input provider, headquartered in Blenheim, Ontario, and operating through 12 locations across Ontario and Minnesota. The business, which Lansing Trade Group and The Andersons will equally own, will continue to operate as Thompsons Limited. Lansing Trade Group's existing merchandising operations in Chatham, Ontario will be consolidated into Thompsons Limited. "Combining the strengths of Lansing Trade Group, Thompsons Limited and The Andersons will provide greater value to customers in Ontario, Minnesota and North Dakota and provide even stronger support for the local communities in which Thompsons has operations while driving commensurate returns to shareholders," says CEO Mike Anderson.
Andersons is engaged in agriculture. Co.'s segments are: Trade, which focuses on the movement of physical commodities such as whole grains, grain products, feed ingredients, frac sand, domestic fuel products and other agricultural commodities; Ethanol, which produces, purchases and sells ethanol, and provides facility operations, risk management and ethanol and corn oil marketing services to the ethanol plants it invests in and operates; Plant Nutrient, which manufactures, distributes and retails agricultural and related plant nutrients, corncob-based products and pelleted lime and gypsum products; and Rail, which leases, repairs and sells various types of railcars, locomotives and barges.
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