Lancaster Colony Bags Distribution Rights For Arby's Sauce Products

Lancaster Colony Corp LANC has agreed with Arby's Restaurant Group Inc. to supply Arby's Horsey Sauce and Arby's Sauce products to the U.S. and Canadian retail channels.
Arby's, founded in 1964, is a sandwich restaurant brand with more than 3,300 restaurants in seven countries.
The agreement provides Lancaster Colony exclusive rights to supply and distribute the Horsey Sauce and Arby's Sauce products.
The company has planned a limited launch of these products for select Club stores in the U.S. starting in its fiscal Q1 ending September 30, 2022.
Price Action: LANC shares are trading higher by 0.51% at $154.47 on the last check Monday.

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