Lansing Grain Company, LLC, today announced that it has finalized an agreement to purchase selected Idaho grain-handling facilities from General Mills
Under the terms of the purchase agreement, Lansing Grain will acquire grain-handling facilities in Bliss and Glenns Ferry, Idaho, and leasing rights to a third elevator located in Hansen, Idaho. Total capacity for the three locations is 1.9 million bushels. The elevators handle wheat, and merchandise corn and other commodities to area dairies and feedlots. The Bliss elevator, the largest of the three facilities, is a 100-car shuttle train shipper and receiver. Both the Bliss and Glenns Ferry elevators are served by the Union Pacific railroad.
According to Bill Krueger, President of Lansing Grain, "This is our first acquisition of a unit train elevator and will expand our western U.S. presence in both whole grains and feed ingredients. This milestone demonstrates Lansing Grain's commitment to continued growth."
The agreement was structured with the assistance of The Andersons, Inc., a minority investor in Lansing Grain.
About Lansing Grain Company, LLC
Lansing Grain Company formed a limited liability company with the Andersons, Inc.
SOURCE: Lansing Grain Company, LLC
CONTACT: Gary Smith, Vice President, Finance and Treasurer of The
Andersons, Inc., +1-419-891-6417, or
Bill Krueger, President of Lansing Grain Company, LLC, +1-800-227-8237, or