LANC to Acquire Atlanta-Based Sauce and Dressing Production Plant [Yahoo! Finance]
Lancaster Colony Corporation (LANC)
Last lancaster colony corporation earnings: 10/26 07:20 am
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US:NASDAQ Investor Relations:
lancastercolony.com/investors/events-and-presentations/default.aspx
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Source: Yahoo! Finance
Lancaster Colony expects to close the asset purchase transaction, valued at approximately $75 million, in the first quarter of calendar year 2025, subject to standard closing requirements. The facility covers around 300,000 square feet, with approximately 250,000 square feet allocated for manufacturing operations. Let us explore how this acquisition is expected to benefit LANC moving forward. Through this acquisition, LANC will strengthen its sauce and dressing operations by improving operational efficiency, increasing production capacity and enhancing proximity to key customers, while also bolstering the company's manufacturing network. After thoroughly evaluating several options, it determined that this asset purchase is the most practical and cost-effective solution to support continued growth and meet long-term needs. This move reinforces Lancaster Colony's position in the food manufacturing industry. By leveraging the strategic advantages of this acquisition, the company is
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News
- Lancaster Colony to acquire Winland Foods' sauces and dressings facility [Yahoo! Finance]Yahoo! Finance
- Lancaster Colony Co. (NASDAQ: LANC) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $196.00 price target on the stock.MarketBeat
- Lancaster Colony Co. (NASDAQ: LANC) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Lancaster Colony to Acquire Sauce and Dressing Production Facility [Yahoo! Finance]Yahoo! Finance
- Lancaster Colony to Acquire Sauce and Dressing Production FacilityBusiness Wire
LANC
Earnings
- 10/31/24 - Miss
LANC
Sec Filings
- 11/18/24 - Form 8-K
- 11/14/24 - Form SC
- 11/7/24 - Form 4
- LANC's page on the SEC website