This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Andersons Finalizes Purchase Of Cycle Group, Inc.

MAUMEE, Ohio, Dec. 9, 2013 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces today it has purchased the assets of the granulation manufacturer Cycle Group, Inc. 

(Logo:   http://photos.prnewswire.com/prnh/20081104/CLTU081LOGO)

"This opportunity expands the reach for our Turf & Specialty Group's granulation business into a strategic geographic location that will help us better serve our customers," says CEO Mike Anderson. "In addition, we will be increasing our production and distribution capabilities, obtaining intellectual property and expanding our presence in the high-value markets of the granular business."

The purchase includes a modern facility in Mocksville, North Carolina, capable of producing 22,000 tons of granulated products with a workforce of 12 employees. In addition, The Andersons will assume and market the Cycle Group's EcoGranule brand.

"This acquisition supports our growth strategies for our premium granulation business and provides the potential for further product production in the future," says Tom Waggoner, President, Turf & Specialty Group. "Cycle Group's reputation for producing a high-quality, patented product in an environmentally safe manner is a good fit for us."

About The Andersons, Inc. The Andersons, Inc. is a diversified company rooted in agriculture. Founded in Maumee, Ohio, in 1947, the company conducts business across North America in the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob products, and consumer retailing. For more information, visit The Andersons online at www.andersonsinc.com.

SOURCE The Andersons, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs