Lancaster Colony - M&A Summary, Ownership, and Business Overview

FoodCompany

Lancaster Colony M&A Summary

Lancaster Colony has acquired 7 companies of its own, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 3 assets.

Lancaster Colony’s largest acquisition to date was in 2015, when it acquired Flatout for $92M. It’s largest disclosed sale occurred in 2014, when it sold Candle-lite to Centre Lane Partners for $28M. Lancaster Colony has acquired in 5 different US states. The Company’s most targeted sectors include food (100%).

Lancaster Colony Ownership

Who owns Lancaster Colony?

Lancaster Colony is owned by Centre Lane Partners. It was acquired on January 31, 2014.

Is Lancaster Colony PE-backed?

Yes. Lancaster Colony is owned by private equity investor Centre Lane Partners.

Lancaster Colony Business Overview

Where is Lancaster Colony headquartered?

Lancaster Colony is headquartered in Westerville, Ohio.

What is Lancaster Colony’s revenue?

Lancaster Colony disclosed revenue of 1,823M USD for 2023 and 1,676M USD for 2022.

How many employees does Lancaster Colony have?

Lancaster Colony has 3,400 employees.

What sector is Lancaster Colony in?

Lancaster Colony is a food company.

When was Lancaster Colony founded?

Lancaster Colony was founded in 1961.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity5
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7

Lancaster Colony

Lancaster Colony Corp.

380 Polaris Parkway, Suite 400,
Westerville, Ohio 43082
United States,
(614) 224-7141
www.lancastercolony.com

Lancaster Colony is a mid-cap manufacturer and marketer of specialty food products for the retail and foodservice markets. As the parent of T. Marzetti Company, Lancaster Colony is known for its branded and private-label retail and foodservice products. Top brands include Marzetti, New York Brand, and Sister Schubert’s. Lancaster Colony was founded in 1961 and is based in Westerville, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - - - - 1 5
vol $117M $75M $192M
Sell (0.2/yr) # 2 - - - - 1 3
vol $28M $28M
  8

Most Recent M&A

Company Date Value Type
Winland Foods - Sauce & Dressing Production Facility 2024-11-18 75M USD Divestiture
Atlanta, Georgia
Angelic Bakehouse, Inc. 2024-07-22 - Divestiture
Cudahy, Wisconsin · www.angelicbakehouse.com
Omni Baking Co. LLC 2018-11-19 25M USD Add-on Acquisition
Vineland, New Jersey · www.omnibaking.com
Angelic Bakehouse, Inc. 2016-11-03 - Add-on Acquisition
Cudahy, Wisconsin · www.angelicbakehouse.com
Flatout, Inc. 2015-03-13 92M USD Add-on Acquisition
Saline, Michigan · www.flatoutbread.com
Candle-lite 2014-01-31 28M USD Divestiture
Cincinnati, Ohio · www.candle-lite.com
Marshall Biscuit Co., Inc. 2007-06-04 - Add-on Acquisition
Saraland, Alabama
Lancaster Colony - Automotive Accessory Business 2007-03-26 - Divestiture
Wapakoneta, Ohio
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 5 (100%) 192M (100%) 1 (33%) -
Automotive - - 1 (33%) -
Manufacturing - - 1 (33%) 28M (100%)
Total 5 $192M 3 $28M

By Geo

State/Country Buy Value Sell Value
United States 5 192M 3 28M
  Wisconsin 1 - 1 -
  Ohio - - 2 28M
  New Jersey 1 25M - -
  Michigan 1 92M - -
  Georgia 1 75M - -
  Alabama 1 - - -
Total 5 $192M 3 $28M

Deal Values

buy # Total
< $100M 3 $192M
TOTAL $192M
Largest Flatout, Inc.
$92M (2015-03-13)
sell # Total
< $100M 1 $28M
TOTAL $28M
Largest Candle-lite
$28M (2014-01-31)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
20%
1 (20%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Food

Revenue

1,823   9% 2023
1,676   15% 2022
1,467   10% 2021
1,334   2% 2020
1,308   7% 2019
1,223   2% 2018
1,202   1% 2017
1,191   8% 2016
1,105   7% 2015
1,041   3% 2014
1,013   2013
(millions of USD) Show More Show Less

Employees

3,400

Established

1961

Public

NASDAQ: LANC

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