MAUMEE, Ohio — The Andersons, a diversified agricultural feed company, recently purchased Auburn Bean and Grain of Auburn, Mich. The purchase includes six grain and four agronomy assets of the company located throughout north central Michigan.
“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,” said CEO Mike Anderson.
He added that 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 good customer service.
Clifford Vennix, Chairman and CEO of Auburn Bean and Grain, said, “We believe The Andersons is best suited to continue our legacy of service and excellence into the future. We know they will bring added opportunity to our customers and employees.”
With this transaction, The Andersons will gain a combined grain storage capacity of about 18.1 million bushels, 16,000 tons of dry and 3.7 million gallons of liquid nutrient capacity and more than 80 employees.
The facilities have multiple rail interchange agreements in place with all of the eastern Class I railroads CSX, NS and CN.
The acquisition will increase the storage capacity of the company’s Grain Group by about 13 percent and further enhance its Michigan presence.
