The Andersons, Inc. (NasdaqGS:ANDE) is planning to exit the retail business and close its remaining four retail stores in the second quarter of 2017. "The decision to close The Andersons stores was not easy for anyone involved," said Pat Bowe, Chief Executive Officer of The Andersons, Inc. "Choosing to cease a business that has spanned 65 years and employs about 1,050 people is tremendously difficult." Andersons anticipates that the full carrying value of its inventory may not be recoverable during the store liquidation process. Gains or losses are anticipated on individual properties upon sale, however the Company is uncertain of the timing and amount of those sales.
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. 
