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Friday, March 20, 2015

Lancaster Colony acquires Flatout Holdings

Lancaster Colony Corp., Columbus, OH, announced today that its wholly-owned subsidiary, T. Marzetti Co., has acquired Flatout Holdings Inc., a manufacturer and marketer of premium flatbreads, from North Castle Partners LLC, Greenwich, CT, pursuant to a definitive agreement to acquire all of the outstanding capital stock of Flatout Holdings from North Castle and the other stockholders. The acquisition price of approximately $92 million, on a cash-free and debt-free basis, is subject to certain post-closing adjustments and was funded from cash on hand.


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