The Andersons, Inc. announced its plans to exit the retail business and close its remaining four retail stores in the second quarter of 2017. The retail closings will have no impact on the company's grain, ethanol, plant nutrient and rail operations. The closing will eliminate approximately 650 positions in the Toledo area and 400 positions in Columbus, of which approximately 75% are part-time positions. The company will provide employees with severance packages and outplacement services to assist them in their career transitioning.
The Andersons, Inc. is a diversified company, which is engaged in the operations of agricultural supply chain. The Company operates through three segments: Trade, Renewables, and Nutrient and Industrial. The Trade segment is a diversified business focusing on capturing profits through merchandising and managing logistics across a wide range of commodities. The segment specializes in the movement of physical commodities, such as whole grains, grain products, feed ingredients and domestic fuel products among other agricultural commodities. The Renewables segment produces, purchases, and sells ethanol and co-products, offers facility operations, and provides risk management and marketing services to the ethanol plants it invests and operates. The Nutrient & Industrial segment is a manufacturer, distributor and retailer of agricultural and related plant nutrients, liquid industrial products, corncob-based products, pelleted lime and gypsum products, pesticide, and others.
THE ANDERSONS, INC. 
