Lifeway protects benefit from Easy Mills offer

MORTON GROVE, ILL.– Lifeway Foods, Inc., a producer of fermented dairy items, stated it anticipates to recognize around $5 million in net earnings following the current sale of Easy Mills to Flowers Foods, Inc.

Lifeway, which was an early financier in Easy Mills in 2015, stated it formerly recognized a $1.5 million gain on the financial investment back in 2019. With the most current sale Lifeway stated it anticipates overall net earnings from its financial investment in Easy Mills of around $6.5 million.

” We extend our congratulations to Easy Mills and its CEO Katlin Smith for its effective exit based upon the impending $795 million acquisition by Flowers Foods,” stated Julie Smolyansky, ceo of Lifeway. “When we initially purchased Easy Mills we saw the prospective development of the business and we are happy that Lifeway’s investors will gain from our early financial investment.”

The acquisition of Easy Mills goes through regulative approval and is predicted to close throughout the very first quarter of 2025. The deal was initially revealed in early January.