Lancaster Colony Corporation subsidiary T. Marzetti Company has acquired frozen bread manufacturer Omni Baking Company for $25 million.
Omni Baking Company produces a range of frozen products such as garlic bread for clients in the foodservice industry, and the company has been a long-term supplier to Lancaster Colony’s garlic bread business, including its New York Bakery brand.
Lancaster Colony says that the acquisition will give the company increased control over the supply and production of its frozen garlic bread products, and enable production capacity expansions in the future.
Lancaster Colony’s CEO David A. Ciesinski said: “We are pleased to complete this strategically important transaction that leaves us better positioned to manage and control the future supply and growth of our frozen garlic bread operations.
“We evaluated a number of different scenarios for the continued expansion of New York Bakery, and determined this asset purchase to be the most practical and cost-effective solution for our long-term business needs.
“I would also like to extend a warm welcome to the Omni Baking employees as they join our family of Lancaster Colony companies.”
The deal represents the second major acquisition made by T. Marzetti Company in the last month, following the $34 million deal for frozen bagel producer Bantam Bagels completed in October.
© FoodBev Media Ltd 2021
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry. Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial
Your privacy We use small files known as ‘cookies’ to enhance your experience of the FoodBev website and analyse site-traffic. Read about how we use cookies or how you may control them in our updated privacy policy and cookie policy. If you continue to use this site, you consent to our use of cookies. Click the ‘OKAY‘ button at the top right of this panel to accept or click here for more information.