The Andersons Closes Sale of Grain Elevators to Tyson

Tyson Foods subsidiary Tyson Local Grain Services completed its acquisition of three grain elevators located in Tennessee from agribusiness The Andersons on Monday, a press release announced.

The Springdale, AR-based firm now owns elevators in Humboldt, Kenton, and Dyer. The Andersons said in a statement that it retains ownership of its grain elevators in the state in Trenton, Como, and Union City.

Powder & Bulk Solids reported in Feb. 2018 that Tyson Local Grain Services entered into a definitive agreement to purchase three grain elevators in Tennessee from The Andersons business Grain Group. The acquisitions were announced as the food company was preparing to build a new chicken plant in Humboldt, TN.

“This project will help secure vital inputs for us and position us to grow and support our customers,” Tyson Foods group president of poultry Doug Ramsey said in a statement when the plan to purchase the elevators was announced. “We look forward to creating more direct relationships with the grain producers in the area.”

The Andersons said Monday that the company is “evaluating options” for its remaining elevators in Tennessee. 

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