The Andersons Finalizes Purchase of Elevators and Farm Agronomy Centers

   The Andersons Finalizes Purchase of Elevators and Farm Agronomy Centers

PR Newswire

MAUMEE, Ohio, Dec. 3, 2012

MAUMEE, Ohio, Dec.3, 2012 /PRNewswire/ --The Andersons, Inc. (Nasdaq: ANDE)
announces today it has completed 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. (Nasdaq: GPRE).

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"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. "We are fortunate to be adding a skillful, knowledgeable and
customer-service oriented 130-member workforce to our 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 percent. Two Iowa locations
also have 30,000 tons of combined fertilizer storage. 

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

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

SOURCE The Andersons, Inc.

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