The Andersons Completes Sale of Thompsons Agronomy Business
MAUMEE, Ohio, December 5, 2019 – The Andersons, Inc. (Nasdaq: ANDE) has completed the sale of the agronomy business of Thompsons Limited, a wholly owned subsidiary in Ontario, Canada, to Sylvite of Burlington, Ontario.
“This change will allow us and Sylvite to both focus on our core businesses in Ontario and better serve our shared customers,” said Corey Jorgenson, president of assets and originations, The Andersons Trade Group. “We will expand our commitment of providing grain marketing expertise to local growers, and we know Sylvite will provide a similar focus helping them raise the best crops possible with the latest agronomy services and technologies.”
“We are excited to expand our geographic footprint and service offerings in Ontario,” said Hugh Loomans, president and CEO, Sylvite. “We look forward to continuing to help growers in this province and to working with The Andersons to meet their unique needs.”
The Andersons will continue to own and operate Thompsons’ grain storage and edible bean processing facilities in Ontario, while Sylvite will assume ownership of its agronomy assets. The company will share space and resources with Sylvite and work closely with them to create a seamless transition for growers.
About The Andersons, Inc.
Founded in 1947 in Maumee, Ohio, The Andersons, Inc. (Nasdaq: ANDE) is a diversified company rooted in agriculture that conducts business in the commodity trading, ethanol, plant nutrient and rail sectors. Guided by its Statement of Principles, The Andersons strives to provide extraordinary service to its customers, help its employees improve, support its communities and increase the value of the company. For more information, please visit www.andersonsinc.com.
Sylvite is the largest Canadian-owned, independent wholesaler of farm fertilizer in Ontario and eastern Canada. As a strategic partner, it provides value-added solutions to the agri-business, industrial and government sectors. Sylvite’s integrated network includes over 300 service-oriented people, extensive warehousing services, trucking and agricultural supply. For more information, please visit www.sylvite.ca.