Lancaster Colony acquires Atlanta sauce/dressing facility from Winland Foods for $75M cash

MARZETTI CO

Purchase price $75M cash; facility is 300k sq ft with ~250k sq ft manufacturing space in Atlanta, GA.
Transaction expected to close in Q1 2025 subject to customary conditions and a co-manufacturing agreement.
Buyer will offer employment to facility workers; co-manufacturing with Seller for up to 12 months post-close.
CEO cites improved operational efficiency, incremental capacity, and closer proximity to core customers.

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