Lancaster Colony (LANC) To Receive $8.7 Million from U.S Customs Border Protection
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Lancaster Colony Corporation (Nasdaq: LANC) has been notified by U.S. Customs and Border Protection that the Company will receive approximately $8.7 million this year in distributions made under the Continued Dumping and Subsidy Offset Act of 2000. The Company expects to receive the funds later this month. The CDSOA provides for the distribution of certain monies collected under antidumping orders to qualifying domestic producers. Distributions made to the Company relate to certain candles imported from the People’s Republic of China. This marks the eighth year of distributions to the Company under the CDSOA.
Lancaster Colony Corporation is a manufacturer and marketer of consumer goods with a focus on specialty food products for the retail and foodservice markets. It also manufactures and market candles for the food, drug and mass markets.
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