COLUMBUS, Ohio (Feb. 1) — Costs associated with a strike at a Lancaster Colony Corp. rubber floor mat plant contributed to a decline in profits for Lancaster Colony Corp., the company disclosed in its second-quarter financial report.
The firm said out-of-pocket costs caused by the labor stoppage at the Coshocton, Ohio, Pretty Product facility by United Steelworkers Local 50L exceeded $2 million in the quarter. Lancaster Colony also reported lower sales of rubber floor mats during the three-month period that ended Dec. 31.
The walkout began Sept. 25 after the union rejected a contract offer, according to local news reports.
Lancaster Colony said its second-quarter net income fell to $17.8 million from $30.2 million a year earlier, while sales rose 1.3 percent to $316.5 million.