The Andersons
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|
| Public | |
| Traded as |
NASDAQ: ANDE S&P 600 Component |
| Industry | Conglomerate |
| Founded | 1947 |
| Founder | Mr. Anderson |
| Headquarters | Maumee, Ohio, United States |
|
Area served
|
U.S. |
|
Key people
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Michael J. Anderson (Chairman) Patrick E. Bowe (CEO) Harold M. Reed (COO) |
| Products | Grains, commodities trading, ethanol, fertilizers, crop insurance, finance |
| Revenue |
 US$ 5.27 billion (FY 2012)
|
 US$ 111.08 million (FY 2012)
|
|
|
US$ 79.48 million (FY 2012)
|
|
| Total assets |
US$ 2.18 million (FY 2012)
|
| Total equity |
US$ 594.41 million (FY 2012)
|
|
Number of employees
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1,833 |
| Divisions | Andersons Ethanol Group Andersons Grain Group Andersons Nutrients Group Andersons Rail Group Andersons Turf & Specialty Group The Andersons Stores/Retail Group |
| Website | www |
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Footnotes / references |
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The Andersons, Inc. is an agribusiness established in 1947 that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry. It now, in various phases, provides merchandising, production and distribution of products and services to the agribusiness community. It is organized into four business groups: grain, ethanol, plant nutrient and rail, previously also having both a retail and a turf & specialty group. Its grain business provides grain storage and management facilities with a particular focus on the Eastern Corn Belt of Ohio, Indiana, Michigan, Nebraska and Illinois through grain terminals located in those states, crop insurance, commodity risk management and grain delivery services through its rail business. It is headquartered in Maumee, Ohio.
It had revenues of $4,576,331,000 for the 2011 fiscal year ending December 31, 2011.
On Aug 19, 2003, The Andersons announced to restate income for 2002 and the first quarter of 2003, after they determined that the earnings reported under a five-year grain marketing agreement did not follow a new accounting pronouncement. In total, the company's income remained unchanged.
On Nov 18, 2005, The Andersons restated the Statement of Cash Flows for the nine-month period ended September 30, 2005, due to an error in the procedures of preparation. On January 15, 2017, The Andersons announced that they will cease their retail operations, closing stores in Maumee, Toledo and Columbus, Ohio, during the second quarter of 2017, and focus on their grain, rail car, ethanol, and plant nutrients units.
The Andersons, Inc. was founded in 1940 as The Andersons Truck Terminal (ATT) by Harold & Margaret Anderson. ATT was focused on grain transportation and storage, using grain elevators and a rail transfer station.
In the 1950s, the company expanded its grain terminals. It also opened its first retail store known as The Andersons Warehouse Market. Andersons began fertilizer blending and then corn milling as well.
In the 1960s, The Andersons opened the first deep-water grain loading facility on the US side of the Great Lakes. They were the first elevator in the US to load 100 car trains in Champaign, Illinois. They also opened the largest steel tank grain storage in Maumee, Ohio. Also in the 1960s, the company entered the Lawn Products business.
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Wikipedia