Effective May 10, Lancaster Colony Commercial Products Inc., a wholly owned subsidiary of Lancaster Colony Corp., sold substantially all of its assets to Lancaster Commercial Products LLC, a privately held organization owned by Frederick Haleluk, whose additional holdings include Mr. Ice Bucket and Metallo Gasket of New Brunswick, N.J. The business now operates as Lancaster Commercial Products LLC under the direction of Ken Evans, president. Evans formerly served as president of Lancaster Colony Commercial Products Inc.
This acquisition brings together two long-standing suppliers of hospitality products. Mr. Ice Bucket has been in business since 1965, with a majority of sales occurring in retail. Lancaster Commercial Products has history that goes back to 1978 in the provision of quality, service and selection to the hospitality/hotel and restaurant markets with the design and manufacture of Wescon guestroom products and lodging supplies, according to a news release. Traditionally sold through a network of representatives, the Wescon line includes custom wraps and room ensembles, ice buckets, trays, wastebaskets, amentities and accessories, as well as eco-friendly recycle inserts for wastebaskets.
“This is an exciting opportunity,” said Haleluk. “The transaction brings together two successful international companies with complementary product lines and reputable market brands. With our outstanding employees, and a combined history of more than 80 years in the hospitality arena, our customers can take advantage of increased scale, from faster delivery through multiple locations to a catalog of more styles, materials and price points than ever from a single source. We will plan for accelerated growth by leveraging our enhanced strengths in geographical coverage, production expertise and customer relationships.”
Mr. Ice Bucket and Lancaster Commercial Products LLC both will operate independently under the common ownership of Haleluk, who will serve as CEO and chairman of the board.
According to Evans, business will continue to be conducted as usual.
“We remain committed to the mission of providing products and exceptional service to customers among our core markets,” he said. “We do not foresee significant changes in key personnel or in the business agreements we have in place with our customers, suppliers or partners at this time.”