Morton Grove, IL – February 11, 2025 – Lifeway Foods, Inc. (NASDAQ: LWAY), a leading U.S. supplier of kefir and fermented probiotic products, is celebrating a significant return on its strategic investment in Simple Mills.
The company announced today it expects to realize a net gain of approximately $5 million from the sale of Simple Mills to Flowers Foods.
Lifeway’s early investment in Simple Mills in 2015 has proven remarkably successful. This latest gain, coupled with $1.5 million profit realized in 2019, brings Lifeway’s total return on the Simple Mills investment to an impressive $6.5 million.
We congratulate Simple Mills and its CEO, Katlin Smith, on their successful journey, culminating in the impending $795 million acquisition by Flowers Foods, We recognized Simple Mills’ potential early on, and we are delighted that Lifeway’s shareholders are benefiting from our strategic foresight.
said Julie Smolyansky, Lifeway’s CEOThe acquisition of Simple Mills is subject to regulatory approvals and is expected to close in the first quarter of 2025.
This profitable venture underscores Lifeway’s commitment to strategic growth and diversification. While renowned for its popular kefir and probiotic products, the company’s savvy investment in Simple Mills demonstrates an astute understanding of market dynamics and emerging brands. This substantial financial boost will undoubtedly strengthen Lifeway’s position and open doors to future investments and expansion.
About Lifeway Foods, Inc.
Lifeway Foods, Inc., a recipient of Forbes’ Best Small Companies recognition, is America’s leading supplier of kefir, a probiotic fermented beverage. Lifeway offers a range of products, including drinkable kefir, cheeses, and the ProBugs line for children. These products are available across the United States, Mexico, Ireland, South Africa, the United Arab Emirates, and France. Learn more at lifewayfoods.com.
SOURCE Lifeway Foods, Inc.
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