Food & Beverage M&A » By The Online Investor Staff, updated Wed., Mar. 3, 10:54 PM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #71. Lifeway Foods, Inc. — Golden Guernsey Dairy Plant
Acquirer:
Lifeway Foods, Inc. (NASDAQ:LWAY)
Acquiree:
Golden Guernsey Dairy Plant
Details:
Lifeway Foods, Inc., (Nasdaq: LWAY), a leading supplier of kefir cultured dairy products, today announced the $7.4 million acquisition of the Golden Guernsey dairy plant in Waukesha, WI, to provide additional manufacturing capacity for its growing kefir-based business. Adding the 170,000-square-foot plant to Lifeway's existing 50,000-square-foot facility in Morton Grove, IL, will more than quadruple the company's production capacity and provide much-needed expansion abilities.
Lifeway Foods is a producer and marketer of kefir in the U.S. and is engaged in the market spaces of probiotic-based products and natural, better for you foods. Co.'s product categories are: drinkable kefir, which is sold in a variety of organic and non-organic sizes, flavors, and types; european-style soft cheeses; cream and other, which consists primarily of cream, a byproduct of making its kefir; ProBugs, which is a line of kefir products designed for children; other dairy, which includes Cupped Kefir and Icelandic Skyr, a line of strained kefir and yogurt products in resealable cups; and frozen kefir, which is available in both soft serve and pint-size containers.
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