November 24, 2020

MaxYield Cooperative Completes Purchase of The Andersons, Inc. Northwest Iowa Assets

Contact: Chad Meyer
Client Relations/Communications
Office Phone: 515-887-7211
Email: cmeyer@maxyieldcoop.com
West Bend, IA, May 1, 2016 – MaxYield Cooperative announced today it has completed the purchase of The Andersons, Inc. northwest Iowa assets. The cooperative’s purchase of the Everly, Greenville, Gruver, Langdon, Milford, Spencer, and Superior locations was finalized May 1st.

MaxYield CEO Keith Heim stated that, “The due diligence process has been completed and we are excited for what this opportunity holds for MaxYield’s members and to our clients in that area. We have been working hard on integrating team members and implementing the transition process. We hope to provide as seamless a transition as possible for both the team and our clients.”

Heim went on to say that letters were recently mailed to all clients of the affected facilities. “The letters contained information about the transaction that our clients needed to know right away, including how contracts, client statements, payments and membership will be handled. As time goes on, we’ll continue to provide information about the transition to clients,” he said.

Heim emphasized that clients and members that have questions regarding the transition can contact any MaxYield location, including those recently acquired.

“MaxYield is grateful for the hard work and efforts of our team members during this transition. We also appreciate the support from clients in that area. We are excited to get started and to forge long-term relationships in northwest Iowa,” stated Heim.

The Andersons acquired the seven grain and agronomy locations as a part of its 2012 acquisition from Green Plains Grain Company. The Tennessee assets acquired during that same transaction will remain a part of The Andersons. This transaction does not divest or otherwise involve The Andersons’ ethanol facility or recently-acquired Nutra-Flo facilities in Iowa.

About MaxYield Cooperative
MaxYield Cooperative is a member-owned, diversified agricultural cooperative founded in 1915 and is headquartered in West Bend, IA. The cooperative has 24 locations and three Cenex convenience stores in Iowa. MaxYield also provides grain origination and accounting services for two Iowa feed mills. For more information, visit MaxYield online at www.MaxYieldCoop.com or www.FromtheField.com.

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