The Andersons, Inc. to Construct Elevator in Custer County, Neb.
MAUMEE, Ohio, Oct. 5, 2011 /PRNewswire/ — The Andersons, Inc. (Nasdaq: ANDE) today announced it will soon begin construction on a 3.8 million bushel capacity grain elevator facility near the towns of Anselmo and Broken Bow in Custer County, Nebraska. The facility is slated to be open in time for the 2012 harvest.
“Constructing a new facility located in the center of Nebraska fits well with our strategy to provide service to customers west of our traditional eastern cornbelt market,” says CEO Mike Anderson. “During the past 15 months we’ve expanded our operations in Nebraska to nine locations, both through acquisitions and merchandising agreements.”
This is the first elevator The Andersons has constructed in Nebraska and will be the largest in Custer County. Located along the Burlington Northern Railroad mainline, the facility will have both train and truck loading capabilities.
“We are excited to welcome a company like The Andersons into Custer County,” says Elizabeth Babcock, President, Custer Economic Development Corporation. “While this is a tremendous economic development opportunity for our entire county, it is especially beneficial to our farmers to have value added to their grain and an additional outlet that increases the efficiency and speed with which their grain can move to end users.”
Jim Cripe, regional director for The Andersons Grain Division, adds: “We received an outstanding reception by the community leaders and residents in this area, which was one of several sites we considered for this project. We are looking forward to establishing a long-standing relationship in this progressive agricultural community.”
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations across the United States, in Puerto Rico, and has rail equipment leasing interests in Canada and Mexico. For more information, visit The Andersons online at www.andersonsinc.com.
SOURCE The Andersons, Inc.