Lancaster Colony Mergers and Acquisitions Summary

FoodCompany

Lancaster Colony has acquired 6 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 2 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 4 different US states. The Company’s most targeted sectors include food (100%).

Join Mergr and gain access to Lancaster Colony’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

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 ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.0/yr) # 4 - - - - - 4
vol $117M $117M
Sell (0.0/yr) # 2 - - - - - 2
vol $28M $28M
  6

Most Recent M&A

Company Date Value Type
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 4 (100%) 117M (100%) - -
Automotive - - 1 (50%) -
Manufacturing - - 1 (50%) 28M (100%)
Total 4 $117M 2 $28M

By Geo

State/Country Buy Value Sell Value
United States 4 117M 2 28M
  Ohio - - 2 28M
  Wisconsin 1 - - -
  New Jersey 1 25M - -
  Michigan 1 92M - -
  Alabama 1 - - -
Total 4 $117M 2 $28M

Deal Values

buy # Total
< $100M 2 $117M
TOTAL $117M
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)
25%
1 (25%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Food

Revenue

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

3,200

Established

1961

Public

NASDAQ: LANC

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