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The Andersons Finalizes Purchase of Cycle Group, Inc.



            The Andersons Finalizes Purchase of Cycle Group, Inc.

PR Newswire

MAUMEE, Ohio, Dec. 9, 2013

MAUMEE, Ohio, Dec. 9, 2013 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE)
announces today it has purchased the assets of the granulation manufacturer
Cycle Group, Inc. 

(Logo:  http://photos.prnewswire.com/prnh/20081104/CLTU081LOGO)

"This opportunity expands the reach for our Turf & Specialty Group's
granulation business into a strategic geographic location that will help us
better serve our customers," says CEO Mike Anderson. "In addition, we will be
increasing our production and distribution capabilities, obtaining
intellectual property and expanding our presence in the high-value markets of
the granular business."

The purchase includes a modern facility in Mocksville, North Carolina, capable
of producing 22,000 tons of granulated products with a workforce of 12
employees. In addition, The Andersons will assume and market the Cycle Group's
EcoGranule brand.

"This acquisition supports our growth strategies for our premium granulation
business and provides the potential for further product production in the
future," says Tom Waggoner, President, Turf & Specialty Group. "Cycle Group's
reputation for producing a high-quality, patented product in an
environmentally safe manner is a good fit for us."

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.

Website: http://www.andersonsinc.com
Contact: Nicholas C. Conrad, VP, Finance & Treasurer, Phone: 419-891-6415,
E-mail: nick_conrad@andersonsinc.com
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