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Yesterday, The Andersons Inc. announced it acquired 1,180 rail cars. Terms weren’t disclosed.

The acquisition increases The Andersons Rail Group’s fleet 8 percent to 15,980 cars and diversifies its portfolio. The group also owns more than 115 locomotives.

“Growing our rail-car inventory is consistent with our goal of becoming the total rail solutions provider for our customers,” said The Andersons President and Chief Executive Officer Mike Anderson in a prepared statement.

The Andersons Rail Group leases cars and locomotives, and offers fleet management and car repair services.