Andersons signs agreement to sell railcar repair business to Cathcart Rail

Andersons, Inc.

Agreement to sell railcar repair business to Cathcart Rail; closing expected summer 2022.
Exit from rail segment advances focus on core grain and fertilizer verticals.
Proceeds to reduce debt and increase financial flexibility for strategic growth.
Transaction completes the previously announced strategic exit from the rail segment (Aug 2021).

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