Tanya Berman named President of T. Marzetti retail unit

WESTERVILLE, Ohio - T. Marzetti Company, a subsidiary of Lancaster Colony Corporation (NASDAQ:LANC), has announced the appointment of Tanya Berman as President of its retail business unit, effective April 21, 2025. The $4.85 billion market cap company, which generated $1.9 billion in revenue over the last twelve months, maintains strong financial health according to InvestingPro analysis. Berman, who brings 25 years of experience in general management and marketing in the food and consumer packaged goods industries, will oversee sales, marketing, and innovation for the company's portfolio of retail brands and licensed products.

Before joining T. Marzetti, Berman served as Senior Vice President at Mondelez, where she led the U.S. portfolio of cookie and cracker brands. Her previous experience includes leadership roles at Mars Wrigley, Bayer Consumer Care, and Johnson & Johnson Consumer Products. Berman's academic background includes a bachelor's degree from Barnard College and an MBA from NYU Stern School of Business.

Dave Ciesinski, President and CEO of Lancaster Colony, expressed confidence in Berman's ability to drive growth for T. Marzetti's owned and licensed brands, contributing to the company's overall growth strategy.

T. Marzetti's retail brands encompass a range of specialty food products, including Marzetti® dressings and dips, New York Bakery™ garlic breads, and Sister Schubert's® dinner rolls. The company also holds exclusive license agreements for well-known restaurant brands such as Olive Garden®, Chick-fil-A®, Buffalo Wild Wings®, Arby's®, Subway®, and Texas Roadhouse®. Additionally, T. Marzetti supplies sauces, dressings, breads, and pasta to top restaurant chains through its foodservice business.

The company's mission is to enhance meals with high-quality, flavorful food, backed by a team of 3,900 members committed to fostering lasting relationships and delivering great tasting products. With a solid gross margin of 23.6% and an impressive 55-year track record of maintaining dividend payments, currently yielding 2.11%, Lancaster Colony demonstrates strong financial stability. This leadership change is a move towards furthering T. Marzetti's growth and presence in the specialty foods market.

The information in this article is based on a press release statement from T. Marzetti Company.

In other recent news, Lancaster Colony Corporation reported a 4.8% increase in consolidated net sales, reaching a record $509.3 million for the fiscal second quarter. The company saw growth in both its retail and foodservice segments, with retail net sales rising 6.3% to $280.8 million and foodservice sales increasing by 3.0% to $228.5 million. Despite the revenue growth, Lancaster Colony's earnings per share fell short of expectations, reported at $1.78 against a projected $1.94, primarily due to a $14.0 million noncash pension settlement charge.

In another development, Lancaster Colony completed the acquisition of a sauce and dressing production facility in Atlanta for $75 million. This acquisition, which includes a co-manufacturing agreement with Winland Foods, is expected to enhance the company's production capabilities. Meanwhile, DA Davidson analysts maintained a Neutral rating on Lancaster Colony's shares with a price target of $207, citing the company's resilience in a challenging industry environment. The firm highlighted Lancaster Colony's licensing reacceleration and relative immunity to broader risks as positive factors.

These recent developments reflect Lancaster Colony's strategic efforts to strengthen its market position and expand its operational capacity.

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