The Andersons, Inc. Signs Letter of Intent to Purchase an Ownership Interest in Skyland Grain, LLC
"Our two companies are aligned in our vision to serve our local producers and expanded customer base," says
The proposed transaction with Skyland aligns with other strategic investments for The Andersons in both their core grain and fertilizer businesses. Skyland's asset footprint and strong grower relationships complement The Andersons robust portfolio of assets and capabilities.
"Better connecting the North American ag supply to producers and providing increased access to the best markets for their products helps them be more competitive and positions us as a partner in helping make their operations successful," said The Andersons Chief Operating Officer
Under the terms of the letter of intent, The Andersons has been granted exclusivity while the parties work in good faith to negotiate a definitive agreement. Any definitive agreement would be subject to the completion of due diligence, approval of both The Andersons and Skyland's board of directors, negotiation of documents, and any applicable (including regulatory) approvals. As a result, there can be no assurance that the parties will enter into a definitive agreement or that the proposed transaction will be completed.
About
The Andersons, Inc., named for 2024 to Forbes list of America's Most Successful Small Companies, Newsweek's list of America's Most Responsible Companies, and one of The
About
Skyland operates grain storage and handling facilities at 50 locations in
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