Andersons, Inc. has made a significant move in the renewable energy sector by entering into a merger and equity purchase agreement to acquire Harvestone Low Carbon Partners, LP for $915 million. This acquisition is expected to enhance Andersons' capabilities in low-carbon ethanol production, aligning with the growing demand for renewable energy solutions.

The transaction, announced in an SEC filing on November 6, 2026, involves Andersons Renewables, a wholly owned subsidiary of Andersons, Inc., acquiring all outstanding limited partner interests in Harvestone. The acquisition includes the merger of Harvestone with a subsidiary of Andersons, making it a wholly owned entity under Andersons Renewables.

Andersons, Inc. operates in the wholesale farm product raw materials sector, focusing on agricultural products and services. The company trades under the ticker symbol ANDE on the Nasdaq and is categorized as a large accelerated filer. Recent filings indicate a commitment to expanding its operations and enhancing its market position.

According to the filing, the purchase agreement stipulates a price of $915 million, which includes customary adjustments for working capital. Andersons plans to finance this acquisition through a combination of long-term debt and existing credit facilities. The company has secured committed financing from U.S. Bank National Association and Farm Credit Mid-America, PCA, contingent on the completion of the acquisition.

The acquisition is expected to close in the fourth quarter of 2026 or early 2027, pending regulatory approvals and the satisfaction of customary closing conditions. This strategic move reflects Andersons' commitment to expanding its footprint in the renewable energy market, particularly in low-carbon ethanol production.

As part of the transaction, Andersons has guaranteed all obligations of its subsidiary and the merger entity under the purchase agreement. This acquisition positions Andersons to capitalize on the growing demand for sustainable energy solutions, potentially influencing competitors in the wholesale farm product raw materials industry to adapt to similar trends.

Details were not available in the SEC filing regarding any future filings or shareholder votes related to this acquisition. The company has issued a press release to announce the agreement, which is also included in the filing.