The Andersons To Purchase Mt. Pulaski Products
Acquisition will reportedly double The Anderson's raw cobb supply, enable enhanced service to its customers.
October 2, 2012
The Andersons, Inc. has signed a definitive agreement to purchase substantially all of the assets of Illinois-based Mt. Pulaski Products, LLC. The transaction, which remains subject to certain conditions, is anticipated to close in the fourth quarter.
"This acquisition aligns with our growth strategies for our cob products business," says CEO Mike Anderson. "We will be doubling our raw cob supply which enables us to enhance the service to our existing customers and expand our presence in the higher value segments of this business."
If acquired, the assets of Mt. Pulaski Products, LLC, will operate within The Andersons Turf & Specialty Group, Cob Division.
"These two facilities are ideally positioned in the center of Illinois seed corn production areas with freight and logistical benefits," says Tom Waggoner, President, Turf & Specialty Group.
He adds that the combination of these mills with our existing mill in Delphi, IN, enables us to optimize capacity as well as enhance service to its customers.