A Nebraska-based ag company is selling one of its divisions that includes a dozen grain elevators in Iowa and Tennessee.
The company making the buy is called The Andersons, based in Ohio. It’s involved in several ag industries, including: grain, ethanol, plant nutrients, turf and cob products and railcar leasing.
The Andersons is buying Green Plains Grain Company, based in Everly, Iowa. The parent company is Green Plains Renewable Energy, based in Omaha.
The purchase includes five elevators in Tennessee and seven in Iowa. Combined, they have a grain storage capacity of about 32-million bushels, 12,000 tons of nutrient storage and more than 130 employees.
The purchase price hasn’t been disclosed.