Lancaster Colony to buy Atlanta sauce plant from Winland Foods for $75 million
Lancaster Colony Corporation, through subsidiary Marzetti Manufacturing Company, agreed on November 18, 2024 to buy a sauce and dressing production facility and related real estate in Atlanta, Georgia, from Winland Foods, Inc. The purchase price is $75 million in cash, as adjusted under the agreement, and the company intends to fund it with cash on hand. The deal is expected to close in the first quarter of 2025, subject to customary closing conditions.
Key points
- Purchase price of $75,000,000 in cash, as adjusted under the Purchase Agreement, to be paid from cash on hand
- Expected closing in the first quarter of calendar 2025
- Buyer will manufacture certain products for Seller for up to twelve months after closing, a condition to completing the transaction
- Buyer has agreed to offer employment to workers at the facility; the press release cites about 300,000 total square feet, about 250,000 designated for manufacturing
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 18, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.