Maumee, Ohio-The Andersons Inc. said May 22 that it has recently signed a letter of intent to purchase three pelleted lime production facilities in Ohio, Illinois, and Nebraska to expand the pelleted lime capabilities of its Plant Nutrient Group. The Andersons is pursuing the purchase of Mineral Processing Inc., in Carey, Ohio, ASC Mineral processing in Fairmont, Ill., and Platte River Pelletizing in Weeping Water, Neb., all of which are owned and operated by the Allen family of Allerton, Ill. “This acquisition will expand our service area, our production and distribution capabilities and enable us to increase our service levels to customers,” said The Andersons CEO Mike Anderson. “The acquisition would make us the largest producer of pelleted lime in North America.” The transaction is scheduled to close later this year, pending completion of due diligence, approval of The Andersons board and selling shareholders, negotiation of documents, and any applicable regulatory agencies. “We are excited about what this transaction means to the future of these operations,” says Vicki Allen, a representative for the family owners. “It is our sincere belief that The Andersons can carry on the dream our family has spent more than two decades pursuing.”
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