|Andy Vollmar, director of Food Ingredients and Specialty Grains at The Andersons.
The purchase of Purity Foods is the third transaction that the company has announced in 2017. The Andersons signed an agreement to sell its farm center locations in Florida, U.S., to Wedgworth's Inc. The agreement includes real estate and assets owned by The Andersons at Zellwood, Clewiston, and Lake Placid as well as the assets and operations located in Immokalee.
In mid-January, The Andersons announced its plan to sell and exit the retail business altogether. The company indicated the retail business has struggled in recent years, with the company’s Retail Group incurring pre-tax losses of more than $20 million during the past eight years. The company also has closed three stores during that period.