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The Andersons, Inc. Announces ELEMENT, LLC has been Placed into Receivership

PR Newswire - Fri Apr 21, 2023

MAUMEE, Ohio, April 21, 2023 /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces that on April 18, 2023, ELEMENT, LLC (ELEMENT), a joint venture with ICM, Inc. in which The Andersons, Inc. is a 51% owner, was placed into receivership pursuant to the Agreed Order Granting Application for Appointment of Receiver. The ELEMENT ethanol plant, located in Colwich, Kansas, is currently in an extended maintenance shutdown and future operating decisions will be made by the court-appointed receiver.

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