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


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.

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