The Andersons Sells Three Elevators to Tyson

The Andersons built the 2.9-million-bu elevator in Humbodlt, which began operations in July 2016. It was the first elevator the company constructed in Tennessee.
( The Andersons )

In a deal that will close as early as the end of March, The Andersons has agreed to sell three of its grain elevators to Tyson Foods Inc. The three elevators are located in Tennessee: Humboldt, Kenton and Dyer.

The Andersons owns three additional elevators in Tennessee that are not a part of the purchase agreement with Tyson, but the Company is exploring options for the three remaining facilities.

“Our fourth quarter performance was solid considering that we continue to face some challenging market conditions in several of our businesses, and we incurred some impairment expenses,” says President and CEO Pat Bowe. “Notwithstanding expenses associated with our decision to sell the three Tennessee elevators, the Grain Group recorded better year-over-year results highlighted by significant improvement by Lansing Trade Group. For the full year, our adjusted Grain earnings improved by almost $40 million.”

The Andersons built the 2.9-million-bu elevator in Humbodlt, which began operations in July 2016. It was the first elevator the company constructed in Tennessee.

The Andersons Dyer facility totals 2.5 million bu of storage space and has access to the KCS, WTNN, NS, CSXT, & CN rail lines.

The Kenton facility has 2.2 million bu storage space and has access to the KCS, WTNN, NS, CSXT, & CN rail lines.

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Submitted by bajri on Tue, 03/06/2018 - 06:25

The Andersons owns three additional elevators in Tennessee that are not a part of the purchase agreement with Tyson, hot slimming pants but the Company is exploring options for the three remaining facilities.

Submitted by Joe S. Clemens on Wed, 03/07/2018 - 11:14

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Submitted by Lavada on Tue, 03/27/2018 - 08:12

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Submitted by Pamela on Tue, 03/27/2018 - 08:19

The Ventura Film Festival is an international film festival that raises awareness for environmental issues such as forest and ocean preservation and restoration, through a
yearly film festival and related events.

The Ventura Film Festival was founded in 2004 by Jordan Older and has screened hundreds of
films, usually over 200 films each summer, and has attracted attention from the
international film community. Some of the highlights have been hosting award winning filmmaker Dylan O’Neil, the
first ever world champion surfers Peter “PT” Townend and Ian Cairns, 4 time
world champion Brazilian Jiu-Jitsu/MMA fighter Fabio Leopoldo, and the 50th Anniversary of West Side Story,
which included hosting the entire Academy Award winning cast of West Side Story, including
Academy Award winner/Golden Globe winner George Chakiris and Golden Globe winner/Academy Award nominee Russ Tamblyn.

Jordan Older, the Ventura Film Festival founder and executive director, was selected
to take part, along with many of Hollywood’s
top stars, in the 50th Anniversary of West Side Story and Hollywood’s footprint/handprint
ceremony for Academy Award winners Rita Moreno, George Chakiris, and Golden Globe winner Russ Tamblyn at the Chinese Theater in Hollywood.
This event also doubled as the official BluRay release by Fox
and MGM of West Side Story, which is widely considered by critics and fans to be the best musical of all time.

Find out more about the Ventura Film Festival at http://venturafilmfestival.org.

my website; Ventura Film Festival

Submitted by John Smith on Fri, 04/06/2018 - 03:53

Its a very good business deal for Andersons to sell the three elevator to tyson food inc. A healthy business relations is very important specially in agriculture industry. The industry will grow with business deals like this in future. Great.
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