Specialty foods company Lancaster Colony Corp. has announced it has changed its name to The Marzetti Co. and will begin trading under a new ticker symbol: MZTI. The company noted that the rebranding is a signal of the future for the processor while honoring the 130-year history of the flagship Marzetti brand of dressings and dips.
Lancaster Colony acquired Marzetti in 1969, but the business had been established in Columbus, Ohio, since 1896, as an Italian restaurant founded by Teresa Marzetti that became well-known for its salad dressings. Lancaster Colony further built its portfolio to include food brands such as Sister Schubert’s, New York Bakery and Reames — and had divested its non-food businesses by 2014. Today, the company also holds licensing agreements to sell products at retail under the Olive Garden, Chick-fil-A, Buffalo Wild Wings, Arby’s, Subway and Texas Roadhouse brands.
“While Lancaster Colony will always be an important part of our heritage, we believe the Marzetti name is critical to positioning ourselves in today’s food industry and communicating the value we deliver for customers and shareholders alike,” said Dave Ciesinski, president and CEO of The Marzetti Co.
