Great Lakes Bay area agriculture staple company Auburn Bean and Grain
now has a new owner, The Andersons, Inc. of Maumee, Ohio.
The Andersons purchased Auburn Bean and Grain, including six grain assets and four agronomy assets throughout central Michigan, according to a press release from the new owners.
For the Ohio company, that means they'll add grain storage of about 18 million bushels and more than 80 new employees.
"This acquisition provides an increase in our storage capacity and volume for both our grain and nutrient businesses, and it also represents a nice geographic fit between our other Michigan assets and our Thompsons joint venture in Ontario," says CEO Mike Anderson. "As a family-owned business with a history of nearly 100 years Auburn Bean and Grain is an excellent cultural fit, especially with our similar philosophies in providing exceptional customer service."
Writer: Sam Eggleston
Source: The Andersons, Inc.
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