Lancaster Colony Says It Is Closing Industrial Glass Operation

Production at the manufacturing facility is anticipated to be largely phased out by June 30, 2007. It is expected that active business operations will effectively cease by the end of the calendar year upon the anticipated completion of certain sales and distribution activities.

Based on initial estimates, the company anticipates total pretax charges in the range of $5 to $7 million for this closure. The company expects to incur a third quarter pretax charge in the range of $2 to $3 million, with the remainder to be incurred over the balance of calendar 2007. The charges will include costs such as one-time termination benefits and other employee benefits costs.