The Andersons completed the acquisition of the remaining 49.9% stake in TAMH from Marathon for $425m.

The Andersons, an American agribusiness, completed the acquisition of the remaining 49.9% stake in TAMH, an operator of four ethanol production plants, from Marathon, an American petroleum refining, marketing and transportation company, for $425m. "After evaluating several opportunities, we have acquired Marathon's ownership in TAMH, in line with our stated strategy. This transaction doubles our financial ownership in the ethanol industry, a key growth pillar within our Renewables strategy. Importantly, we currently operate the four plants with Andersons employees, thus limiting our execution risk. The acquisition is attractive from a financial perspective and we expect immediate accretion in earnings per share. These production facilities are poised to further benefit from increased support for renewable fuels," Bill Krueger, The Andersons President and CEO.