The Andersons Inc. Maumee, Ohio, reported that its Plant Nutrient Group posted an income boost of more than 20 percent during the second-quarter to $19.4 million versus the year-ago $15.9 million. Company-wide, net income attributable to the company edged up to $30.4 million from the year-ago $29.9 million.
In addition, the company announced some reorganization and management changes. The Plant Nutrient Group and Rail Group are being combined, and will be led by Joe McNeely, who formerly headed the Rail Group. The Trade and Ethanol Groups will be combined and led by President Bill Krueger, who formerly led the Trade Group. Jim Pirolli, who headed Ethanol has been appointed Senior Vice President of the combined group.