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Published: Saturday, 9/20/2008

Andersons plans to buy 2 Hillsdale Co. elevators

The Andersons Inc., based in Maumee, has signed a letter of intent to purchase grain facilities in Reading and Jonesville, Mich., and signed a long-term lease agreement with a grain storage facility in Canton, Ill.

The two Michigan elevators, both in Hillsdale County, will add 3.6 million bushels of capacity to The Andersons holdings, while the Illinois facility adds 3 million bushels, company executives said. Terms of the deals were not disclosed.

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