Lancaster Colony Corp. and its wholly owned subsidiary T. Marzetti Co. in March acquired Flatout Holdings Inc., a maker of premium flatbreads, from North Castle Partners LLC for $92 million. Flatout’s annual sales in 2014 were $46 million.
“We are very excited to add Flatout flatbreads to our specialty foods business as a better-for-you branded retail product with extraordinary taste, nutritional advantages and convenient versatility for most every eating occasion," said Bruce Rosa, President of T. Marzetti.
Flatout introduced its first flatbread wraps to retailers in 2000. Found in the supermarket deli department, Flatout’s products include oval-shaped flatbread wraps, the Foldit line of artisan flatbreads and the recently introduced Artisan Thin pizza crust.