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$ANDE New Press Release:

The Andersons, Inc. Sells Rail Leasing Business to ITE Management Affiliate American Industrial Transport, Inc. for $550 Million

The Andersons, Inc. (Nasdaq: ANDE) announced today that it has sold its railcar leasing business to American Industrial Transport, Inc. (AITX) for approximately $550 million in cash. The Andersons also intends to market its remaining railcar repair business, including 29 facilities throughout the United States. "This railcar leasing business has been a successful and consistent cash flow generator for The Andersons. The strategic decision to sell the leasing business allows us to focus on and in (...)

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