Lancaster Colony to Acquire Sauce and Dressing Production Facility
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Lancaster Colony Corporation (Nasdaq: LANC) plans to acquire a sauce and dressing production facility in Atlanta, Georgia from Winland Foods, Inc. for approximately $75 million. The transaction is expected to close in Q1 2025.
November 18, 2024 | 9:45 pm
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Lancaster Colony Corporation is acquiring a sauce and dressing production facility in Atlanta for $75 million, expected to close in Q1 2025.
The acquisition of the production facility is a strategic move for Lancaster Colony, potentially expanding their production capabilities and market reach. The $75 million investment indicates a significant commitment to growth, which could positively impact the stock price in the short term as investors react to the expansion news.
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