Andersons Acquires Capstone Commodities For Undisclosed Sum

Andersons Inc ANDE has acquired Capstone Commodities LLC for an undisclosed sum. Capstone Commodities provides feed ingredients to dairies and feed mills, feed yards, and exporters, mainly in the southwestern U.S.
Capstone Commodities will continue to work under the Capstone name as a wholly-owned subsidiary of Andersons.
Andersons expects the acquisition supports its strategy to expand in its core grain and fertilizer businesses.
Andersons held $27.5 million in cash and equivalents as of June 30, 2021.
Price Action: ANDE shares are trading higher by 3.31% at $31.85 on the last check Friday.