The Andersons Inc., Maumee, Ohio, reported a third-quarter net loss of $1.1 million attributable to the company, an improvement over the year-ago loss of $4.2 million. The company said the results from Plant Nutrient Group improved substantially year-over-year in a quarter that is usually seasonally weak. The unit had a pretax loss of $5.4 million, an improvement over the year-ago loss of $7.4 million. Volumes were flat, but margins per ton were improved.
Ostara Nutrient Recovery Technologies Inc., Vancouver, B.C., and Bruce Oakley Inc., Little Rock, Ark., announced Nov. 3 the entering into of a Letter of Intent providing for the purchase by Ostara of Oakley’s fertilizer granulation facility and certain related assets located on the Mississippi River at Oakley’s St. Louis, Missouri warehousing and logistics terminal. The acquisition and certain related transactions are intended to further support production scale-up of Ostara’s Crystal Green brand of sustainable phosphorus-based, continuous-release fertilizer products. Engineering and design work to significantly increase current facility production capacity, is currently underway and Ostara anticipates first phase production to commence within 12 months of the closing of the acquisition.
