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Thompsons + ANDE + Sylvite

The Andersons Completes Sale of Thompsons Agronomy Business

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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.”

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Thompsons + ANDE + Sylvite

Sylvite purchases Thompsons’ agronomy business from The Andersons Inc.

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A message to our valued customers,

We are reaching out to inform you that The Andersons, Inc., the owner of Thompsons Limited, has signed an agreement to sell Thompsons’ agronomy business to Sylvite. Thompsons and Sylvite have been working together now for over 35 years and this collaboration is a great opportunity to have a larger retail network to benefit you, our customer. The Andersons will maintain ownership of Thompsons’ grain storage and food processing facilities and Sylvite will maintain and operate the farm inputs side at these locations.

We believe this new relationship is beneficial to all our stakeholders, especially our customers. Our two companies share the same values and a strong commitment to serving Ontario farmers. We look forward to working together at our shared locations to provide the best possible service to our customers. Sylvite will focus on growing in agronomy products and services. Thompsons/The Andersons will enhance its focus and commitment on the grain and food products businesses.

The final details of this agreement are still being finalized by Sylvite and The Andersons. The sale is expected to close in early to mid-September. Between now and then, we will keep you updated with our progress to better serve you our customer. Our goal is to make this a seamless transition and maintain our normal business operations.

Thank you for the great working relationship we have shared over the years. We plan on continuing our successful partnership with you our valued customer. Should you have any questions, please don’t hesitate to contact your account representative.

Sincerely,

Corey Jorgenson,
President, Assets and Originations, Trade Group
The Andersons, Inc.

Thompsons Limited Announces Agreement With IGPC Ethanol Inc.

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BLENHEIM, ON (April 29, 2015)

Thompsons Limited announces an agreement with IGPC to partner for sourcing corn for 50MM gal/yr. ethanol facility for IGPC in Aylmer, Ontario effective October 1, 2015.

“Thompsons is excited to expand our originations footprint in Ontario by partnering with IGPC. We are looking forward to revolutionizing customer service with both current customers of IGPC as well as new customers. IGPC is an important piece of Ontario’s agricultural community, and we are proud to be working with them,” said Dawn Betancourt, President of Thompsons Limited.

IGPC Ethanol Inc., commenced operations in the fall of 2007. Since that time, it has used the services of Cargill Inc., to source local corn. “This change in no way reflects upon the performance of Cargill. They have been excellent partners. We are making the switch to Thompsons’ as we feel they will be able to support the strategic initiatives we will be undertaking in the future” said Jim Grey, CEO, IGPC Ethanol Inc.

Cargill will continue to serve IGPC for corn purchases and deliveries up to September 30th, 2015. Thompsons will begin purchasing corn today for October 1st, 2015 deliveries and beyond.

About Thompsons Limited

Established in 1924, Thompsons Limited is a regional leader in the agribusiness industry with 12 grain elevators, retail farm centers, seed, bean and wheat processing plants throughout Ontario.  Thompsons is active in the importing and exporting of grain, organic and specialty crops worldwide and currently conducts business in over 34 countries around the world.  For more information visit andersonscanada.com.

About IGPC Ethanol Inc.

Established in 2007, IGPC Ethanol Inc. contributes significantly to the Renewable Fuels Industry and Ontario’s Agricultural sector. By producing 170 million litres of denatured fuel grade ethanol and 170,000 tonnes of distillers’ grains, IGPC Ethanol Inc., has become a leader in Southwestern Ontario’s business community by creating environmentally sustainable economic growth. IGPC Ethanol Inc. is a division of Integrated Grain Processors Co-operative established in 2002, by a group of agribusiness individuals.  IGPC is a full service provider to local farmers offering a distribution solution for their corn crops while producing high protein feed supplement for their livestock. For more information, please visit www.igpc.ca

Media contact:

Dawn Betancourt, President, Thompsons Limited, 519-676-5411, extension 20405
or e-mail dbetancourt@thompsonslimited.com