The Andersons buys Douglass Fertilizer & Chemical
April 29, 2008
by Josh Sosland
MAUMEE, OHIO — The Andersons, Inc. has acquired Douglass fertilizer & Chemical, Inc., Maitland, Fla.
The Andersons said the acquired business would become part of the company’s Plant Nutrient Group.
"Douglass Fertilizer will be an excellent addition to our Plant Nutrient Group’s product and service offering," said Mike Anderson, chief executive officer. "Douglass Fertilizer will nicely diversify the group’s product line offering and expand our markets outside the tradition Midwest row crops and into Florida’s rich specialty crops."
Douglass is a specialty liquid nutrient manufacturer, retailer and wholesaler. The company focuses principally on the agricultural market but also serves industrial and turf markets, primarily in Florida, the Southeast and the Caribbean.
Its agricultural business centers on fruit, vegetables, pasture and sugarcane. Douglass generated revenues of $48 million in 2007, selling about 140,000 tons of fertilizer.
Based in Maumee, The Andersons diversified interests include grain, ethanol and plant nutrition.