Andersons buys remaining 49.9% ownership interest in Andersons Marathon Holding

The company states: “On July 31, 2025, The Andersons (ANDE) entered into a unit purchase agreement with MPC Investment LLC to acquire the remaining 49.9% ownership interest in The Andersons Marathon Holdings LLC – TAMH – for $425.0 million, inclusive of $40.0 million of working capital. The transaction closed on July 31, 2025, funded with cash on hand and debt from existing credit facilities. TAMH is comprised of four ethanol plants located in Iowa, Indiana, Michigan, and Ohio. These plants have a combined production capacity of 500 million gallons. Prior to the Purchase Agreement, the Company owned 50.1% of TAMH and operated these facilities under a management contract, providing corn origination, ethanol marketing, and risk management services. TAMH was previously considered a variable interest entity in which the Company was the primary beneficiary and the results from TAMH were consolidated in the Company’s financial statements.”