The Andersons, Inc.

What does The Andersons do?

The Andersons merchandises grain and agricultural commodities, stores and transports corn, wheat, and soybeans, distributes plant nutrients, and produces ethanol and related coproducts through its Renewables segment.

Is The Andersons publicly traded?

Yes. It trades on NASDAQ under the ticker ANDE. The Anderson family remains a significant shareholder but the company is broadly held by public investors.

Who founded The Andersons?

Harold and Margaret Anderson founded the company in 1947 in Maumee, Ohio, initially building grain storage to serve their own farm and neighboring growers.

Where is The Andersons headquartered?

The company is headquartered in Maumee, Ohio, a suburb of Toledo, where it has been based since its founding.

Who is the CEO of The Andersons?

Bill Krueger became president and chief executive officer at the end of 2024, succeeding Pat Bowe, who retired after leading the company since 2015.

Harold and Margaret Anderson founded the company in 1947 in Maumee, Ohio, initially building grain storage to hold their own farm's harvest. They expanded into a family partnership, Andersons Elevator, serving neighboring farms with storage, drying, and marketing services for corn, soybeans, and wheat.

Through the postwar decades the business added fertilizer distribution, feed ingredients, and rail logistics, growing into a regional grain merchant across the Midwest. The company incorporated as The Andersons, Inc. in 1970 and went public on NASDAQ in 1996, funding further elevator and terminal expansion.

For years the company also ran a retail business, operating large garden and home centers in Ohio that dated to 1952. It closed those stores in 2017 to focus entirely on its core agribusiness, exiting what had become a minor part of revenue.

The 2010s and 2020s reshaped the portfolio toward two focused segments. The company bought and expanded ethanol plants, forming the Renewables segment around dry-grind ethanol production, and exited non-core businesses including its railcar leasing fleet in a 2020 sale. Pat Bowe led the company as CEO from 2015 until his retirement at the end of 2024, when Bill Krueger, the company's chief operating officer, succeeded him.

FY2025 results showed sales of $11.0 billion, down slightly from $11.3 billion, with adjusted EBITDA of $337 million. Renewables delivered the stronger year, benefiting from ethanol export demand and clarity around the 45Z clean fuel production tax credit and the biofuel provisions of the One Big Beautiful Bill Act.

The company operates without major documented scandal. Like all grain merchants it is exposed to trade policy and tariff decisions, and its ethanol business depends on federal biofuel mandates and tax credits that shift with administrations. Isolated OSHA and environmental citations occur in the ordinary course of grain handling and plant operations.