The Andersons Signs Agreement to Purchase 12 Grain Elevators and Two Farm Agronomy Centers from Green Plains Grain Company

  The Andersons Signs Agreement to Purchase 12 Grain Elevators and Two Farm
               Agronomy Centers from Green Plains Grain Company

PR Newswire

MAUMEE, Ohio, Oct. 29, 2012

MAUMEE, Ohio, Oct. 29, 2012 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE)
announces today it has signed an agreement to purchase a majority of the grain
and agronomy assets of Green Plains Grain Company, LLC, a subsidiary of Green
Plains Renewable Energy, Inc. (Nasdaq: GPRE) The transaction, which remains
subject to certain customary closing conditions, is expected to close in the
fourth quarter.

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"This will be the largest acquisition in our company's 65 year history, and
will increase the storage capacity of our Grain Group by nearly 30 percent,"
says CEO Mike Anderson. "This acquisition aligns with our geographic growth
strategy for both our grain and plant nutrient businesses and we expect it
will be accretive on a full-year basis in 2013."

The agreement involves the purchase of seven facilities in Iowa and five in
Tennessee, with a combined grain storage capacity of about 32 million bushels,
12,000 tons of nutrient storage and more than 130 employees and working

"This acquisition is consistent with our strategy of expanding our footprint
into high grain production geographies where we can leverage our core
capabilities to serve more customers in diverse trade areas. It enables us to
push further to the west and south, increasing our presence in Iowa and
entering Tennessee," says Denny Addis, President, Grain Group. "An additional
benefit is our ability to now offer agronomy services in a combined manner
with our grain business."

Stephens Inc. is acting as financial advisor to The Andersons and has
delivered a fairness opinion to the Board of Directors in connection with the

The Andersons will host a webcast on Wednesday, Oct. 31, 2012 at 2:30 p.m. ET,
to discuss this potential acquisition. The webcast can be accessed under the
heading "Investor" on its website at

About The Andersons, Inc.

The Andersons, Inc. is a diversified company rooted in agriculture. Founded in
Maumee, Ohio, in 1947, the company conducts business across North America in
the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob
products, and consumer retailing. For more information, visit The Andersons
online at

This release contains forward-looking statements. These statements involve
risks and uncertainties that could cause actual results to differ materially.
Without limitation, these risks include economic, weather and regulatory
conditions, competition, and the risk factors set forth from time to time in
the Company's filings with the Securities and Exchange Commission. Although
the Company believes that the assumptions upon which the financial information
and its forward-looking statements are based are reasonable, it can give no
assurance that these assumptions will prove to be correct.

SOURCE The Andersons, Inc.

Contact: Nicholas Conrad, VP, Finance & Treasurer, +1-419-891-6415,
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