Lancaster Colony Corporation

Lancaster Colony Corporation manufactures and markets two families of products: • Specialty Foods for the retail and foodservice markets • Glassware and Candles for the retail and foodservice markets In 1961, several small glass and related housewares manufacturing companies combined to form Lancaster Colony Corporation. Two years later, the Board of Directors initiated a strategy to reward shareholders through annual dividend increases. Lancaster Colony has paid consecutive quarterly dividends since 1963. Lancaster Colony went public in 1969. That year also saw the company enter the specialty foods business with the purchase of the T. Marzetti Company. In 1972, Lancaster Colony posted sales in excess of $100 million. The company exceeded $1 billion in annual sales for the first time in fiscal 1998. Today, Lancaster Colony is positioned as a diversified marketer and manufacturer in two product groups: Specialty Foods, the largest and fastest growing division and Glassware and Candles. These groups operate autonomously, allowing each to focus on their specific customer base and market opportunities.