The Andersons (ANDE +2.8%) finalizes its purchase of a majority of the grain and agronomy...

|By:, SA News Editor

The Andersons (ANDE +2.8%) finalizes its purchase of a majority of the grain and agronomy locations of Green Plains Grain Company, a subsidiary of Green Plains Renewable Energy (GPRE). The purchase includes seven facilities with a combined grain storage capacity of about 32M bushels. This will increase the storage capacity of the company's Grain Group by nearly 30%. In addition, two Iowa locations also have 30,000 tons of combined fertilizer storage.