Lancaster Colony Acquires Assets Of Omni Baking Company LLC
Lancaster Colony Corporation (LANC)
Last lancaster colony corporation earnings: 10/26 07:20 am
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Source: PR Newswire
WESTERVILLE, Ohio, Nov. 19, 2018 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its wholly-owned subsidiary, T. Marzetti Company, has acquired all the assets of Omni Baking Company LLC ("Omni Baking") for a purchase price of $25 million, subject to post-closing adjustments. The acquisition was funded internally with cash on hand and is not significant to the financial position or operating results of Lancaster Colony. The transaction closed on November 16, 2018. Omni Baking, based in New Jersey, has been a long-time supplier of products to Lancaster Colony's frozen garlic bread operations, including New York BRAND Bakery® Texas Toast. The transaction will provide Lancaster Colony with significantly improved control over the supply and production of its frozen garlic bread products in addition to future capacity expansion opportunities. David A. Ciesinski, Lancaster Colony's CEO, commented "We are pleased to complete this strategically important t
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- 2/1/24 - Beat
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- 4/1/24 - Form 4
- 3/8/24 - Form 8-K
- 3/1/24 - Form 4
- LANC's page on the SEC website