The Andersons, Inc Appoints William E. Krueger as President, Andersons Trade Group, Commodities and Merchandising
January 02, 2019 at 08:57 pm IST
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On January 2, 2019, The Andersons, Inc. completed its acquisition of the remaining equity of Lansing Trade Group, LLC. The Andersons Grain Group reporting segment will be renamed The Andersons Trade Group, and will encompass the former Grain Group segment, and substantially all of the Lansing business. In conjunction with the completion of the acquisition noted in Item 2.01, William E. Krueger will join the Company as the President, Andersons Trade Group, Commodities and Merchandising. Mr. Krueger's employment agreement is filed as Exhibit 10 and incorporated herein by reference.
The Andersons, Inc. is a diversified company, which is engaged in the operations of agricultural supply chain. The Company operates through three segments: Trade, Renewables, and Nutrient and Industrial. The Trade segment is a diversified business focusing on capturing profits through merchandising and managing logistics across a wide range of commodities. The segment specializes in the movement of physical commodities, such as whole grains, grain products, feed ingredients and domestic fuel products among other agricultural commodities. The Renewables segment produces, purchases, and sells ethanol and co-products, offers facility operations, and provides risk management and marketing services to the ethanol plants it invests and operates. The Nutrient & Industrial segment is a manufacturer, distributor and retailer of agricultural and related plant nutrients, liquid industrial products, corncob-based products, pelleted lime and gypsum products, pesticide, and others.