Strategic Partnerships Lancaster Colony Corp formed a partnership with Subway® Group to offer unique sandwich sauces at retail. Leveraging this partnership can unlock new sales opportunities by supplying these exclusive products to other foodservice chains or retailers.
Acquisition Expansion By acquiring Flatout, Lancaster Colony Corp gained market share and product offerings. Exploring further acquisitions in the specialty food products sector can help broaden the company's portfolio and reach, creating more avenues for sales growth.
Executive Leadership Changes With recent changes in executive leadership, such as Carl R. Stealey leaving, reaching out to new decision-makers within the organization presents a chance to introduce Lancaster Colony's products to fresh perspectives and potentially secure more sales.
Industry Networking Following the appointment of George F. Knight III and Zena Srivatsa Arnold to the Board of Directors, connecting with these industry professionals can open doors to collaborations, sponsorships, or endorsements that elevate Lancaster Colony's brand visibility and drive sales.
Company Expansion After being acquired by Bahl & Gaynor, Inc., Lancaster Colony's expansion plans may lead to increased distribution channels or product lines. Identifying and capitalizing on these growth opportunities can fuel sales expansion for your business.