8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

Form 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT: March 23, 2007

(Date of earliest event reported)

Commission file number 0-4065-1

Lancaster Colony Corporation

(Exact name of registrant as specified in its charter)

Ohio (State or other jurisdiction of incorporation or organization)	13-1955943 (I.R.S. Employer Identification No.)
37 West Broad Street Columbus, Ohio (Address of principal executive offices)	43215 (Zip Code)

614-224-7141
(Registrant’s telephone number, including area code)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

     On March 23, 2007, Lancaster Colony Corporation, (“the Company”) sold substantially all the net operating assets of its automotive accessory business located in Wapakoneta, Ohio. This transaction results from the Company’s ongoing exploration of strategic alternatives among its nonfood operations. It is estimated that this transaction will result in a pretax gain of approximately $1 to $2 million.

     A copy of a press release issued by the Company announcing the transaction is attached as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits:

99.1 Press Release dated March 26, 2007, filed herewith.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Lancaster Colony Corporation
	(Registrant)
Date: March 26, 2007	By:	/s/ John L. Boylan John L. Boylan Treasurer, Vice President, Assistant Secretary and Chief Financial Officer (Principal Financial and Accounting Officer)

INDEX TO EXHIBITS

Exhibit
Number	Description	Located at
99.1	Press Release dated March 26, 2007	Filed herewith

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE	SYMBOL: LANC
Monday, March 26, 2007	TRADED: Nasdaq

LANCASTER COLONY SELLS AN AUTOMOTIVE ACCESSORY BUSINESS

     COLUMBUS, Ohio, Mar. 26 — Lancaster Colony Corporation (Nasdaq: LANC) announced today that as part of its strategic alternative review of nonfood operations the company has sold substantially all of the operating assets of its automotive accessory operations located in Wapakoneta, Ohio to KN Rubber, LLC, a portfolio company of Kinderhook Industries, LLC, a New York-based private equity firm. Products manufactured at this location include pickup truck bed mats as well as truck and trailer splashguards.

     The company estimates that the cash transaction will result in a pretax gain of approximately $1 to $2 million, subject to customary post-closing adjustments. The gain will be reflected in the results for the company’s fiscal third quarter ending March 31, 2007.

     John B. Gerlach, Jr., chairman and CEO of Lancaster Colony Corporation, said, “This divestiture is consistent with our objective of minimizing our exposure to the transportation sector. We appreciate the contributions of our former employees and wish them well under the new ownership.” This operation generated net sales of approximately $26 million for the fiscal year ended June 30, 2006.

     We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). This news release contains various “forward—looking statements” within the meaning of the PSLRA and other applicable securities laws. Such statements can be identified by the use of the forward-looking words “anticipate,” “estimate,” “project,” “believe,” “intend,” “plan,” “expect,” “hope” or similar words. These statements discuss future expectations, contain projections regarding future developments, operations or financial conditions, or state other forward-looking information. Such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, expected future developments and other factors we believe to be appropriate. These forward-looking statements involve various important risks, uncertainties and other factors that could cause our actual results to differ materially from those expressed in the forward-looking statements. Actual results may differ as a result of factors over which we have no, or limited, control including the strength of the economy, slower than anticipated sales growth, the extent of operational efficiencies achieved, the success of new product introductions, price and product competition, and increases in energy and raw-material costs. Management believes these forward-looking statements to be reasonable; however, undue reliance should not be placed on such statements that are based on current expectations. We undertake no obligation to update such forward-looking statements. Specific influences relating to forward-looking statements are numerous, including the uncertainty regarding the effect or outcome of our decision to explore strategic alternatives among our nonfood operations. More detailed statements regarding significant events that could affect our financial results are included in our annual report on Form 10-K as filed with the Securities and Exchange Commission.

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FOR FURTHER INFORMATION: Investor Relations Consultants, Inc.
Phone: 727/781-5577 or E-mail: lanc@mindspring.com