Andersons Does Small Roll-Up Acquisition (ANDE)

By Douglas A. McIntyre Updated Mar 26, 11:53AM EDT · Published Apr 29, 8:51AM EDT

The Andersons, Inc. (NASDAQ: ANDE) is making a niche acquisition to fit into its fertilizer operations. It has acquired Douglass Fertilizer & Chemical Inc. as an addition to its Plant Nutrient Group to diversify the group’s product line offering. It will also expand Andersons market "outside the traditional Midwest row crops and into Florida’s rich specialty crops."

Douglass Fertilizer is based in Maitland, Florida and is primarily a specialty liquid nutrient manufacturer, retailer and wholesaler.

Douglass Fertilizer is a specialty liquid nutrient manufacturer and retailer primarily serving Florida and to a lesser degree the Southeastern U.S. and the Caribbean; and it generated revenues of $48 million in 2007.

As fas as a comparison, Andersons Inc. generated some $2.379 Billion in revenues during 2007. Depending upon the expansion that the company can make with a deeper pocketbook, that’s only about a 2% revenue bump.

The Anderson’s market cap is $843 million and with a $46.50 stock price is toward the higher-end of its $38.10 to $52.67 trading range over the last year.

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Jon C. Ogg
April 29, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.