UPDATES - Indiana Glass Company - Nov. 19, 2007
Items for sale April 10th, 2008
LANCASTER COLONY SELLS CONSUMER AND FLORAL GLASS OPERATIONS
COLUMBUS, Ohio, Nov. 19, 2007 — Lancaster Colony Corporation announced today that, as part of its strategic alternative review of nonfood operations, it has sold most of the consumer and floral glass operating assets of its Indiana Glass Company and E.O. Brody Company suAnchor Hocking now ownsbsidiaries. The buyer is an affiliate of The Anchor Hocking Company, a portfolio company of Monomoy Capital Partners, L.P. and a leading North American designer, manufacturer and distributor of glassware to the retail, foodservice and specialty markets. Products associated with these operations generated net sales of approximately $53 million during the fiscal year ended June 30, 2007, and these sales were modestly accretive to the fiscal 2007 operating results.
About
Leave a Comment