Lifeway Foods, Inc. announced on February 11, 2025, that it expects to realize approximately $5 million of net profit from the recently announced sale of Simple Mills to Flowers Foods. Lifeway was an early investor in Simple Mills in 2015.
The company had previously realized a $1.5 million gain from its investment in Simple Mills in 2019, bringing the total expected net proceeds to Lifeway to approximately $6.5 million. The acquisition of Simple Mills is subject to regulatory approval and is projected to close during the first quarter of 2025.
Lifeway's Board of Directors affirmed its support for CEO Julie Smolyansky, who was responsible for the early investment in Simple Mills. This gain highlights the benefits of prior strategic capital allocation decisions for Lifeway's shareholders.
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