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Lancaster Colony to Acquire Sauce and Dressing Production Facility
Nov 18, 2024•over 1 year ago
Contract Type
acquisition
AtlantaManufacturingFood and BeverageRetail
Description
Lancaster Colony Corporation (Nasdaq: LANC) has announced the planned acquisition of a sauce and dressing production facility located in Atlanta, Georgia from Winland Foods, Inc. The asset purchase transaction is expected to close in the first quarter of calendar year 2025, with a purchase price of approximately $75 million.
Company Information
Company
Lancaster Colony Corporation
Location
Atlanta, Georgia, United States
About
Lancaster Colony Corporation and its wholly owned subsidiary, T. Marzetti Company, manufacture and sell specialty food products for the retail and foodservice channels.
Predictive Intelligence
Strategic
ML-powered predictions for Lancaster Colony Corporation's next move
AtlantaManufacturingFood and BeverageRetail