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The Andersons acquires Iowa ethanol facility


The Andersons Inc. recently announced it completed the purchase of an ethanol facility in Denison, Iowa, that now will be called The Andersons Denison Ethanol L.L.C.

The operation includes an ethanol production facility with an adjacent 2.7 million-bushel grain terminal that has direct access to two Class Is. The Andersons also has ownership stakes in and manages ethanol facilities in Albion, Mich., Clymers, Ind., and Greenville, Ohio.

“As our first ethanol plant west of the Mississippi, this purchase provides us with geographic diversity," said Neill McKinstray, president of The Andersons’ ethanol group, in a prepared statement.

The facility also enables the company to offer grain marketing and associated services to grain producers in Iowa, and fits well with The Andersons' role as an investor in the Iowa Northern Railway Co., company officials previously said when the purchase was announced in late February.

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More News from 5/4/2012