The Andersons Finalizes Purchase of Railcar Repair Network
MAUMEE, Ohio, Sept. 4, 2013
MAUMEE, Ohio, Sept. 4, 2013 /PRNewswire/ --The Andersons, Inc. (Nasdaq: ANDE)
announces today it has completed the purchase of Mile Rail, LLC, a railcar
repair and cleaning provider.
"The addition of Mile Rail complements our existing railcar repair network and
expands our geographical footprint," says Rasesh Shah, president of The
Andersons' Rail Group. "Additionally, the skilled and customer-service
oriented 52-member workforce enables us to expand our capabilities to repair
and clean virtually all types of railcars. We are looking forward to this new
opportunity with this new team in these new communities and providing service
to new customers."
The purchase includes a primary location in Kansas City, Missouri, and two
satellite locations in Nebraska and Indiana, as well as mobile units in the
The Andersons expects the transaction to be accretive in the full year 2014.
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 www.andersonsinc.com.
SOURCE The Andersons, Inc.
Contact: Nicholas Conrad, The Andersons, 419-891-6415,
Press spacebar to pause and continue. Press esc to stop.