The Andersons sells two farm centers

MAUMEE, Ohio – The Andersons Inc. has reached an agreement to sell its Lyons, Ohio, and Munson, Mich., Farm Centers to Archbold Agri-Services.

Operations continue. Under the new ownership, the facilities will continue to provide agricultural services and products to growers in southeast Michigan and northwest Ohio. The sale does not affect The Andersons’ grain operations in Lyons.

Although terms of the sale were not disclosed, the arrangement included a multi-year supply agreement with the Agriculture Group’s Plant Nutrient Division.

What it means. Denny Addis, Plant Nutrient Division president, stated, “Although the division is primarily a wholesale marketer of agricultural nutrient inputs and industrial products, it maintains ownership of seven retail farm centers.

“In addition to generating a positive contribution the farm centers provide beneficial insights for the wholesale business into the retail channel. The farm centers also serve many of the same grower customers as the Agriculture Group’s Grain Division.”