Andersons to Acquire Remaining Stake in Ethanol JV with Marathon Petroleum for $425M

Andersons, a crop trader, has agreed to acquire the remaining 49.9% ownership interest in its joint venture with Marathon Petroleum for $425M, including $40M of working capital. The deal includes four ethanol plants and will give Andersons full ownership of the JV. The acquisition is expected to expand Andersons' ethanol production capacity and enhance its position in the market.

Title: Andersons Acquires Full Ownership of Ethanol Joint Venture for $425M

Crop trader Andersons Inc. has agreed to acquire the remaining 49.9% ownership interest in its joint venture with Marathon Petroleum Corp. for $425 million, including $40 million of working capital. This transaction, announced on Monday, gives Andersons full ownership of the joint venture, which includes four ethanol plants with a total annual production capacity of 500 million gallons located in Albion, Michigan, Clymers, Indiana, Greenville, Ohio, and Denison, Iowa [1].

The acquisition is expected to expand Andersons' ethanol production capacity and enhance its position in the market. The ethanol plants, which were previously co-owned by Andersons and Marathon, will now be fully operated by Andersons. This move is part of Andersons' broader strategy to invest more in biofuels and expand its operations in the renewable energy sector [2].

The deal comes as the ethanol industry continues to benefit from increased support for renewable fuels, driven by government policies and environmental concerns. The ethanol plants' production capacity is expected to contribute significantly to Andersons' overall earnings, with the company expecting immediate accretion in earnings per share [2].

Andersons reported its second-quarter earnings on Monday, with revenue of $3.14 billion, which topped the Bloomberg estimate for $2.86 billion. The company's adjusted earnings per share were $0.24, down from $1.15 in the same period last year [3].

Andersons has been vocal about its plans to expand in the biofuels sector and has been investing in ethanol production as part of its broader strategy to diversify its revenue streams. The company's latest acquisition is a significant step in this direction, and it is expected to strengthen Andersons' position in the renewable energy market.

References:
1. [1] https://www.bloomberg.com/news/articles/2025-08-04/andersons-buys-remaining-marathon-jv-stake-for-425-million
2. [2] https://seekingalpha.com/news/4478006-andersons-buys-remaining-stake-in-ethanol-jv-with-marathon-petroleum-in-425m-deal
3. [3] https://www.prnewswire.com/news-releases/the-andersons-inc-reports-second-quarter-results-and-acquires-full-ownership-interest-in-the-andersons-marathon-holdings-llc-302521004.html