Lancaster Colony to Acquire Sauce and Dressing Production Facility
Lancaster Colony Corporation (LANC)
Last lancaster colony corporation earnings: 10/26 07:20 am
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Source: Business Wire
WESTERVILLE, Ohio--(BUSINESS WIRE)--Lancaster Colony Corporation (Nasdaq: LANC) announced today their planned acquisition of a sauce and dressing production facility located in Atlanta, Georgia from Winland Foods, Inc. This asset purchase transaction is expected to close in the first quarter of calendar year 2025, subject to customary closing conditions, with a purchase price of approximately $75 million. The production facility accounts for a total of approximately 300,000 square feet, of which approximately 250,000 square feet are designated for manufacturing.David A. Ciesinski, Lancaster Colony’s CEO, commented “We are very pleased to have reached an agreement to acquire this production facility as an important strategic addition to our manufacturing network. This facility will benefit our core sauce and dressing operations through improved operational efficiency, incremental capacity, and closer proximity to certain core customers while enhancing our manufacturing network from
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News
- Lancaster Colony to acquire Winland Foods' sauces and dressings facility [Yahoo! Finance]Yahoo! Finance
- LANC to Acquire Atlanta-Based Sauce and Dressing Production Plant [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
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