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LITTLE KNOWN COMPANY Inside ownership makes Lancaster Colony attractive
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Investment: Lancaster Colony Corp., Columbus, Ohio, manufactures
and sells specialty foods such as salad dressing and frozen unbaked
pies; automotive products such as rubber, vinyl and carpet car mats;
glassware and candles.
Advice: From Frank J. Gambino, investment officer at Johnson
Asset Management in Wauwatosa.
Lancaster Colony fits Gambino's criteria for a good stock.
The company has relatively low debt on its balance sheet and a
healthy level of free cash flow that...
Related newspaper, magazine, and journal articles from HighBeam Research
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Less demand; Lancaster Colony to close mat plant.
Rubber & Plastics News
; Byline: Mike McNulty Lancaster Colony Corp.'s Automotive Group will close its Waycross, Ga., rubber floor mat plant because of a drop in demand for the compression-molded product. The factory will be mothballed to make it available for a potential rebound in demand. Manufacturing is scheduled to
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Lancaster Colony sells Koneta accessory facility.
Rubber & Plastics News
; Byline: Brad Dawson Lancaster Colony Corp. has sold its Koneta Inc. automotive rubber accessory plant to a private equity firm as part of its ongoing review of noncore operations. The sale to KN Rubber L.L.C., announced March 26, includes all assets associated with the accessory business at the
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Lancaster Colony Specialty Foods Group Names New President.
Knight Ridder/Tribune Business News
; ... Mark Niquette, The Columbus Dispatch, Ohio Knight Ridder/Tribune Business News Jun. 10--A new president has been named to lead Lancaster Colony's specialty ... The Columbus Dispatch, Ohio. Distributed by Knight Ridder/Tribune Business News. LANC,
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Lancaster Colony Corporation and a group of investors led by Barington Capital Group, L.P. reached an agreement that will avoid a proxy contest at the company's 2007 Annual Meeting of Shareholders.(MERGER RELATED NEWS)(Brief article)
The Food Institute Report
; LANCASTER COLONY CORPORATION and a group of investors led by BARINGTON CAPITAL GROUP, L.P. reached an agreement that will avoid a proxy contest at the company's 2007 Annual Meeting of Shareholders. As part of the agreement, Lancaster Colony agreed to form a task force to continue work on improving
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Colony to meld marketing. (Lancaster Colony Corp. combines promotion efforts for two subsidiaries' glassware)(Brief Article)
HFN The Weekly Newspaper for the Home Furnishing Network
; CINCINNATI -- Lancaster Colony, the parent company of Colony Glass and Indiana Glass Co., is merging the glassware divisions' marketing operations to make the firm a more complete tabletop resource. Colony Glass supplies glass and crystal serveware and giftware to department stores, while Indiana
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