M&A Deal Summary

KN Rubber Acquires Lancaster Colony - Automotive Accessory Business

On March 26, 2007, KN Rubber acquired automotive company Lancaster Colony - Automotive Accessory Business from Lancaster Colony

Acquisition Highlights
  • This is KN Rubber’s 1st transaction in the Automotive sector.
  • This is KN Rubber’s 1st transaction in the United States.
  • This is KN Rubber’s 1st transaction in Ohio.

M&A Deal Summary
Date 2007-03-26
Target Lancaster Colony - Automotive Accessory Business
Sector Automotive
Buyer(s) KN Rubber
Sellers(s) Lancaster Colony
Deal Type Divestiture

Target

Lancaster Colony - Automotive Accessory Business

Wapakoneta, Ohio, United States
Lancaster Colony - Automotive Accessory Business engages in the manufacturing of automotive products. Products manufactured at this location include pickup truck bed mats as well as truck and trailer splashguards.

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Buyer(S) 1

Buyer

KN Rubber

Wapakoneta, Ohio, United States
Category Company
Founded 1978
Sector Manufacturing
DESCRIPTION

KN Rubber is a vertically integrated manufacturer of recycled rubber products for the industrial and automotive markets which manufactures its products from rubber waste generated by tire manufacturers and used tires. KN is a manufacturer of exterior rubber accessories for both the heavy-duty truck and light truck markets.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1

Seller(S) 1

SELLER

Lancaster Colony

Westerville, Ohio, United States
Category Company
Founded 1961
Sector Food
Employees3,400
Revenue 1.8B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 3
State (Ohio) 1 of 2
Country (United States) 1 of 3
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-04 Marshall Biscuit

Saraland, Alabama, United States

Marshall Biscuit Co., Inc. is a producer and marketer of frozen rolls and biscuits.

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