The Andersons and Lansing Trade Group to Acquire Canadian Entity

       The Andersons and Lansing Trade Group to Acquire Canadian Entity

PR Newswire

MAUMEE, Ohio and OVERLAND PARK, Kan., June 3, 2013

MAUMEE, Ohio and OVERLAND PARK, Kan., June 3, 2013 /PRNewswire/ --The
Andersons, Inc. (Nasdaq: ANDE) and Lansing Trade Group, LLC announce today
they have entered into an agreement to acquire Thompsons Limited, a grain and
food-grade bean handler and agronomy input provider, headquartered in
Blenheim, Ontario, and operating through 12 locations across the province and
in Minnesota.

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The acquisition, which remains subject to certain customary closing
conditions, is expected to close at the beginning of the third quarter. The
business, which Lansing Trade Group and The Andersons will equally own, will
continue to operate as Thompsons Limited. Lansing Trade Group's current
trading office located in Chatham, Ontario will be consolidated into

"For The Andersons, this acquisition establishes a foothold in Ontario with a
similarly diversified agricultural company adjacent to our eastern corn-belt
roots. It also enables us to leverage our strengths with those of our partner
Lansing Trade Group," says CEO Mike Anderson. "Thompsons is a highly
respected, integrated grain, food-grade bean and agronomy business with a
similar strategy of cultivating and maintaining strong relationships with
growers and end users globally."

"Thompsons Limited has always been a respected name in the Ontario agriculture
markets," says Bill Krueger, President and CEO of Lansing Trade Group. "The
opportunity for Lansing to grow our existing Canadian presence with such a
cornerstone company fits our long term strategy. Our partnership with The
Andersons will facilitate the entity's immediate growth in the crop nutrients
sector. Thompsons Limited will benefit from the combined strength of Lansing
and The Andersons in its other areas of business including grains, food-grade
products and farm services."

Established in 1924, Thompsons is an integrated supplier of value-added
agricultural products and services to growers in Ontario, Minnesota and North
Dakota and to food processing customers worldwide. Thompsons owns and operates
12 elevators, 11 retail farm centers, 2 seed processing plants, 5 bean
processing plants and a wheat processing plant. Thompsons has a combined
owned and leased grain storage capacity of 20 million bushels and 30,000
metric tons of nutrient capacity.

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

About Lansing Trade Group
Founded in 1920 and headquartered in Overland Park, Kansas, the company has
offices throughout North America as well as offices in Geneva, Switzerland and
Sao Paulo, Brazil. For more information, visit Lansing Trade Group online at

SOURCE The Andersons, Inc.

Contact: Nicholas Conrad, The Andersons, 419-891-6415,; or Tom Carew, Lansing Trade Group, 913-748-3061,
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