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The Andersons, Inc.

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The Andersons, Inc. Market Research Report



Company Overview



  • Name: The Andersons, Inc.

  • Mission: The Andersons strives to employ its capabilities as a vehicle for serving others, focusing on extraordinary service, employee improvement, community support, and increasing company value.

  • Founded: Harold and Margaret Anderson established The Andersons Truck Terminal (ATT) in Maumee, Ohio, in the 1940s.

  • Key People:

  • Bill Krueger, CEO

  • Pat Bowe, Chairman

  • Headquarters: Maumee, Ohio

  • Number of Employees: No specific number mentioned

  • Revenue: $2.8 billion in Q2 2024, $3.6 billion in Q3 2023

  • Known For: The Andersons is recognized as a diversified agri-business involved in commodity merchandising, renewables, and nutrient & industrial sectors.


Products



Agricultural Supply Chain


  • Fertilizers: Includes PureGrade®, MicroSolutions®, soil amendments, organic nutrients, and NPK fertilizers.

  • Farmer Services: Offers farm centers and risk management in the U.S. and Canada.

  • Merchandising: Deals in corn, beans, wheat, meals, ethanol, high-protein feed ingredients, and pet food ingredients.


Renewables


  • Ethanol: Produces E-85, E-15 ethanol products, corn oil, and renewable diesel feedstocks.


Industrial and Specialty Products


  • Industrial Applications: Includes abrasives, absorbents, carriers, contract manufacturing, fabrication, laboratory animal bedding, and pet products.


Premium Ingredients


  • Food Products: Offers ancient grains, pulses, edible beans, food corn, and oats.


Turf


  • Lawn Products: Offers professional turf and ornamental products under brands such as Lawnbox™.


Recent Developments



Leadership Changes


  • Bill Krueger was appointed CEO effective October 1, 2024, succeeding Pat Bowe who remains Chairman.


Operational Developments


  • Signed a long-term lease at Port Houston, aimed at supporting soybean meal exports.

  • Expansion of pet food ingredients sector with the acquisition of ACJ International.


Financial Highlights


  • Recorded high revenues peaking at $2.8 billion in Q2 2024 and net income of $36 million for the same quarter.

  • Q3 2023 adjusted EBITDA was $70 million, with a strong operational performance in the Renewables segment.


Partnerships & Acquisitions


  • Invested in gaining an ownership interest in Skyland Grain, LLC, extending its footprint in Kansas, Eastern Colorado, and Texas-Oklahoma panhandle.


Sustainability and Innovation


  • Published the 2023 Sustainability Review emphasizing sustainable practices across operational sectors.


Note: This report includes only data directly available and some fields have been noted as "No information is available" if data was absent.