The Andersons acquires 65% stake in Skyland Grain for $85M; expands into four states

Andersons, Inc.

Purchase price $85M for 65% interest; funded with cash on hand; consolidation effective Nov 1, 2024.
Skyland operates over 50 grain/agronomy locations with 7,000+ co-op members across KS, OK, CO, TX.
Combined agronomy businesses double size of Andersons' retail farm center business.
Skyland entered $300M revolver + $78M term notes (including 4.0%-5.8% fixed-rate tranches) to refinance debt; non-recourse to Andersons.
CEO Krueger cites fastest-growing feed demand region; synergies in grain merchandising and buying power.

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