MAUMEE, Ohio — The Andersons, Inc. announced it has signed a definitive purchase agreement to acquire the fertilizer division of Hartung Brothers, Inc. as an addition to its plant nutrient group.
Scheduled to close
The transaction is scheduled to close July 31.
The fertilizer division, based in Madison, Wis., was founded in 1979 as a part of Hartung Brothers, Inc., a family-owned agribusiness.
The division, which is a leading regional wholesale supplier of liquid fertilizers, has six strategically located facilities with 145,000 tons of storage capacity in Wisconsin and Minnesota.
In 2008, the division generated $60 million in revenue.
The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing.