---
schema_version: "secwatch.filing_event.v1"
accession: "0000821026-24-000229"
form_type: "8-K"
ticker: "ANDE"
cik: "0000821026"
company_name: "Andersons, Inc."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:57:48.813148+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000821026-24-000229
- form_type: 8-K
- ticker: ANDE
- cik: 0000821026
- company_name: Andersons, Inc.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821026/000082102624000229/0000821026-24-000229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821026/000082102624000229/ande-20241101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000821026-24-000229
- JSON: https://secwatch.observer/filing/0000821026-24-000229.json
- Plain text: https://secwatch.observer/filing/0000821026-24-000229.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.