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Press release from PR Newswire

The Andersons Announces Construction on New Railcar Paint and Blast Facility

Wednesday, October 24, 2012

The Andersons Announces Construction on New Railcar Paint and Blast Facility15:03 EDT Wednesday, October 24, 2012MAUMEE, Ohio, Oct. 24, 2012 /PRNewswire/ -- The Andersons, Inc. (Nasdaq:ANDE) today announced it has begun construction on a 27,300 square-foot railcar paint and blast shop adjacent to its railcar repair facility in Maumee, Ohio. The facility should be completed in the spring 2013.(Logo: http://photos.prnewswire.com/prnh/20081104/CLTU081LOGO )The new facility will allow the company to wash, blast and paint railcars in a more efficient and environmentally friendly way. The project also includes 1,700 feet of new rail track to allow railcars to move throughout the facility. "Industry demand for our railcar repair and painting services continues to increase and we recognize that our existing facility does not meet our needs for growth," says Rasesh Shah, President, Rail Group. "The new facility will significantly improve our efficiency, quality and enhance our customer service."The Andersons Rail Group operates a railcar repair business with 12 facilities across the United States and a fleet of more than 23,000 various types of railcars and locomotives. About The Andersons, Inc. The Andersons, Inc. is a diversified company rooted in agriculture. Founded in Maumee, Ohio, in 1947, the company conducts business across North America in the grain, ethanol, and plant nutrient sectors, railcar leasing, turf and cob products, and consumer retailing. For more information, visit The Andersons online at www.andersonsinc.com.  SOURCE The Andersons, Inc.For further information: Nicholas C. Conrad, VP, Finance & Treasurer, +1-419-891-6415, nick_conrad@andersonsinc.com