ADDED
As of August 1, 2025, there were approximately 27,534,000 shares of Common Stock, without par value, outstanding.
Business GENERAL DEVELOPMENT OF BUSINESS Company Overview Reflecting the evolution and growth of our company, Lancaster Colony Corporation changed its name to The Marzetti Company effective June 27, 2025.
Since the divestiture of our last non-food businesses in 2014, Lancaster Colony Corporation operated as a food-only business best-known by our customers, licensing partners, suppliers, and employees as Marzetti.
While Lancaster Colony Corporation will always be an important part of our heritage, changing our company name to The Marzetti Company provides a single brand identity for our business across all stakeholders.
As The Marzetti Company, we are positioned for further growth in today s food industry with an authentic brand name rooted in quality, innovation and collaboration.
The Marzetti Company, an Ohio corporation, is a manufacturer and marketer of specialty food products for the retail and foodservice channels.
Unless otherwise noted, references to year pertain to our fiscal year which ends on June 30; for example, 2025 refers to fiscal 2025, which is the period from July 1, 2024 to June 30, 2025.
Available Information Our Internet website address is www.marzetticompany.com.
Our top five Retail customers accounted for 62%, 59% and 59% of this segment s total net sales in 2025, 2024 and 2023, respectively.
Finally, within this segment, for a period of up to twelve months commencing in March 2025, we are manufacturing and selling certain salad dressing and sauce products under a temporary supply agreement ( TSA ) resulting from the Atlanta plant acquisition.
REMOVED
As of August 1, 2024, there were approximately 27,527,000 shares of Common Stock, without par value, outstanding.
Business GENERAL DEVELOPMENT OF BUSINESS Company Overview Lancaster Colony Corporation, an Ohio corporation, is a manufacturer and marketer of specialty food products for the retail and foodservice channels.
Unless otherwise noted, references to year pertain to our fiscal year which ends on June 30; for example, 2024 refers to fiscal 2024, which is the period from July 1, 2023 to June 30, 2024.
Available Information Our Internet website address is https://www.lancastercolony.com.
Our top five Retail customers accounted for 59%, 59% and 57% of this segment s total net sales in 2024, 2023 and 2022, respectively.
The following table presents the primary Foodservice products we manufacture and sell under our brand names: Products Brand Names Dressings and Sauces Salad dressings Marzetti Frozen Breads and Other Frozen garlic breads New York BRAND Bakery Frozen Parkerhouse style yeast rolls and dinner rolls Sister Schubert s Frozen pasta Marzetti Frozen Pasta The vast majority of the products we sell in the Foodservice segment are sold through sales personnel, food brokers and distributors in the United States.
Our top five Foodservice direct customers accounted for 53%, 58% and 58% of this segment s total net sales in 2024, 2023 and 2022, respectively.
( Walmart ) totaled 18% of consolidated net sales for 2024, 2023 and 2022.
( McLane ), a wholesale distribution subsidiary of Berkshire Hathaway, Inc., totaled 8%, 11% and 11% of consolidated net sales for 2024, 2023 and 2022, respectively.
McLane is a large, national distributor that sells and distributes our products to several of our foodservice national chain restaurant accounts, principally in the quick service, fast casual and casual dining channels.