The Andersons, Inc.
This is the second railcar repair shop The Andersons has opened this year with Patriot Rail. In March 2008, The Andersons opened a car repair shop in Anaconda, Montana, at Patriot's Butte, Anaconda & Pacific Railway. At UCRY's Ogden, Utah location, The Andersons will perform railcar maintenance and repair services on railcars owned by third parties, as well as railcars managed by The Andersons.
"Our overall strategy includes providing quality repairs and outstanding customer service at locations throughout the United States," said Rasesh Shah, President of The Andersons' Rail Group. "The opening of the location in Utah fits well with this strategy and enables us to continue to grow our relationship with Patriot Rail."
Gary O. Marino, Chairman, President and CEO of Patriot Rail Corp., said, "We welcome The Andersons to our Utah railroad and look forward to further expanding our relationship to our other rail properties in the future. These car repair shops provide 'one-stop shopping' for railcar owners needing to have their cars repaired at a convenient location. At the same time, our railroads are able to better utilize their facilities and increase non-freight related income."
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in railcar leasing and repair, turf products production, and general merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now has operations in 12 U.S. states and Puerto Rico, plus rail equipment leasing interests in Canada and Mexico. For more, visit The Andersons online at www.andersonsinc.com .
About Patriot Rail Corp.
Patriot Rail Corp. is a short line and regional freight railroad holding company based in Boca Raton, Florida. The Company owns and operates five short line freight railroads comprising 321 total rail miles - the Tennessee Southern Railroad in Tennessee and Alabama, the Butte, Anaconda & Pacific Railway in Montana, the Utah Central Railway in Utah, the Sacramento Valley Railroad in California, and the Louisiana & North West Railroad in Louisiana and Arkansas. For more, visit Patriot Rail online at www.patriotrail.com . Contact: Wayne August, (561) 443-5315.
First Call Analyst:
SOURCE: The Andersons, Inc.
CONTACT: Gary L. Smith, VP, Finance & Treasurer of The Andersons, Inc.,