Lancaster Colony sells an automotive accessory business

Newswire

March 26 (Reuters) - Lancaster Colony Corp. said it sold the operating assets of its automotive accessory business in Wapakoneta, Ohio to a private equity firm. The company expectsa pretax gain of about $1 million to $2 million from the sale. The gain will be reflected in the third quarter, the companysaid in a statement. This business generated net sales of about $26 million in fiscal 2006, the diversified maker of consumer products said. (Reporting by Aditi Samajpati in Bangalore)

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