Lancaster Colony (LANC) Enters Agreement to Acquire Angelic Bakehouse
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Lancaster Colony Acquires Angelic Bakehouse, Inc.
November 3, 2016 7:30 AM EDTCOLUMBUS, Ohio, Nov. 3, 2016 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) announced today that its wholly-owned subsidiary, T. Marzetti Company, has entered into a definitive agreement to acquire all of the assets of Angelic Bakehouse, Inc., a manufacturer and marketer of premium sprouted grain bakery products. The transaction is expected to close later this month. The acquisition will be funded internally with cash on hand and is not material to the financial position of Lancaster Colony Corporation. Annual sales for Angelic Bakehouse are approximately $12 million and the impact of the... More
