The Andersons Finalizes Purchase of Pelleted Lime Operations

MAUMEE, Ohio, Aug. 5 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) announced today it has completed the purchase of three pelleted
lime production facilities in Ohio, Illinois, and Nebraska to expand the
pelleted lime capabilities of its Plant Nutrient Group.
The acquisition includes three manufacturing facilities; Mineral
Processing, Inc., in Carey, Ohio, ASC Mineral Processing Inc., in Fairmount,
Ill., and a facility located in Weeping Water, Neb., all of which were
previously owned by the Allen family of Allerton, Illinois.
"This acquisition will expand our manufacturing capabilities at least
three fold and enable us to provide greater volume and supply security to our
customers," explains CEO Mike Anderson. "The acquisition will make us the
largest producer of pelleted lime in North America."
The facilities produce high calcium pelleted lime, high magnesium pelleted
lime and pelleted gypsum. Established two decades ago, the operations were
among the pioneers in the development of the pelleted lime production process.
In 2007, the operations distributed nearly 200,000 tons of product.
"We are excited about what this transaction means to the future of these
operations," says Vicki Allen, a representative for the family owners. "It is
our sincere belief that The Andersons can carry on the dream our family has
spent more than two decades pursuing."
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 in
11 U.S. states and Puerto Rico, plus rail equipment leasing interests in
Canada and Mexico. For more information, visit The Andersons online at
www.andersonsinc.com.
SOURCE The Andersons, Inc.

Gary L. Smith, VP, Finance & Treasurer, +1-419-891-6417,
gary_smith@andersonsinc.com