Profile: Andersons Inc (ANDE.OQ)
The Andersons, Inc., incorporated on August 19, 1987, is a diversified company. The Company conducts business across North America in the grain, ethanol, plant nutrient and rail sectors. The Company operates through segments, including Grain, Ethanol, Rail, Plant Nutrient and Retail. The Company produces turf and cob products, and has a consumer retailing presence. As of December 31, 2016, the Company owned an ethanol facility in Denison, Iowa with a nameplate capacity of 55 million gallons. The Company owns lawn fertilizer production facilities in Maumee, Ohio, Bowling Green, Ohio, Montgomery, Alabama, and Mocksville, North Carolina. The Company leases a lawn fertilizer warehouse facility in Toledo, Ohio. As of December 31, 2016, the Company operated 16 railcar repair facilities and one fabrication shop throughout the country, primarily in the Midwest, South and West.
The Company's Grain business operates grain elevators in various states in the United States Corn Belt. The Grain business also offers various grain marketing, risk management and corn origination services to its customers and affiliated ethanol facilities. The Company has a lease and marketing agreement with Cargill, Incorporated (Cargill) for Cargill's Maumee and Toledo, Ohio grain handling and storage facilities. The grains sold by the Company are corn, soybeans and wheat. The Company exports grain through intermediaries, while some grain is shipped directly to foreign countries, including Canada. Rail shipments are made primarily to grain processors and feeders with some rail shipments made to exporters on the Gulf of Mexico or east coast.
The Company's Ethanol Group has ownership interests in four Limited Liability Companies (the ethanol LLCs or LLCs). Each of the LLCs owns an ethanol plant that is operated by the Company's Ethanol Group. As of December 31, 2016, the plants were located in Iowa, Indiana, Michigan and Ohio, and had combined nameplate capacity of 330 million gallons of ethanol. It purchases and sells ethanol, offers facility operations, risk management, and ethanol and corn oil marketing services to the ethanol plants it invests in and operates. The Company has a management agreement with each of the LLCs. As part of these agreements, the Ethanol Group runs the day-to-day operations of the plants and provides all administrative functions.
Plant Nutrient Group
The Company's Plant Nutrient Group is a manufacturer, distributor and retailer of agricultural and related plant nutrients, corncob-based products, and pelleted lime and gypsum products in the United States Corn Belt, Florida and Puerto Rico. The Company provides warehousing, packaging and manufacturing services to basic nutrient producers and other distributors. It also manufactures and distributes a range of industrial products throughout the United States and Puerto Rico, including nitrogen reagents for air pollution control systems used in coal-fired power plants, and water treatment and dust abatement products. Its Wholesale Nutrients business manufactures, stores, and distributes dry and liquid agricultural nutrients, and pelleted lime and gypsum products annually. Its Farm Centers offer a range of crop nutrients, crop protection chemicals and seed products in addition to application and agronomic services to commercial and family farmers. Its soil and tissue sampling along with global satellite assisted services provide for pinpointing crop or soil deficiencies and prescriptive agronomic advice is provided to farmers. Its Corncob-based products are manufactured for a range of uses, including laboratory animal bedding and private-label cat litter, as well as absorbents, blast cleaners, carriers and polishers. Its turf care products are produced for the golf course and professional turf care markets, serving both the United States and international customers. These products are sold both directly and through distributors to golf courses and lawn service applicators. The Company also produces and sells fertilizer and control products to various markets.
The Company's Rail Group leases, repairs and sells various types of railcars, locomotives and barges. The Company also offers fleet management services to private railcar owners. The Company has a fleet of car types (boxcars, gondolas, covered and open top hopper cars, tank cars and pressure differential cars), locomotives and barges serving a customer base. The Company operates in both the new and used car markets, allowing the Company to diversify its fleet both in terms of car types, industries and age of cars, as well as repairing and refurbishing used cars for specific markets and customers.
The Company's Retail Group includes retail stores operated as The Andersons, which are located in the Columbus and Toledo, Ohio markets. The Company's stores focus on providing products in home improvement and other mass merchandise categories, as well as specialty foods, wine, and indoor and outdoor garden centers. Its stores feature do-it-yourself clinics, special promotions and varying merchandise displays.
1947 Briarfield Blvd
MAUMEE OH 43537-9803
Company Web Links
- BRIEF-Aandersons Inc. reports Q1 loss per share of $0.11
- BRIEF-Andersons Inc enters amended loan agreement for $800 mln credit facility- SEC filing
- BRIEF-Andersons Inc says CEO Patrick Bowe's total compensation for 2016 was $3.9 mln
- BRIEF-Andersons enters agreement to sell farm center locations in Florida
- Andersons Inc sees total U.S. ethanol exports as high as 1.2 bln gallons in 2017