/C O R R E C T I O N -- Lifeway Foods, Inc./
Lifeway Foods (NASDAQ: LWAY) anticipates a $5 million net gain from the sale of Simple Mills to Flowers Foods, following their early investment in 2015. This gain, combined with a previously realized $1.5 million profit in 2019, brings the total expected proceeds to approximately $6.5 million.
The transaction involves Flowers Foods acquiring Simple Mills for $795 million, pending regulatory approval, with an expected closing in the first quarter of 2025. CEO Julie Smolyansky, who initiated the original investment in Simple Mills, received affirmation of support from Lifeway's Board of Directors for her management of the company.
Lifeway Foods (NASDAQ: LWAY) prevede un dalla vendita di Simple Mills a Flowers Foods, dopo il loro investimento iniziale nel 2015. Questo guadagno, unito a un , porta il totale dei proventi attesi a circa 6,5 milioni di dollari.
La transazione prevede che Flowers Foods acquisisca Simple Mills per 795 milioni di dollari, in attesa dell'approvazione normativa, con una chiusura prevista nel primo trimestre del 2025. L'amministratore delegato Julie Smolyansky, che ha avviato l'investimento originale in Simple Mills, ha ricevuto il sostegno del Consiglio di Amministrazione di Lifeway per la sua gestione dell'azienda.
Lifeway Foods (NASDAQ: LWAY) anticipa una ganancia neta de 5 millones de dólares de la venta de Simple Mills a Flowers Foods, tras su inversión inicial en 2015. Esta ganancia, combinada con una utilidad de 1.5 millones de dólares realizada en 2019, eleva el total de ingresos esperados a aproximadamente 6.5 millones de dólares.
La transacción implica que Flowers Foods adquiera Simple Mills por 795 millones de dólares, a la espera de aprobación regulatoria, con un cierre esperado en el primer trimestre de 2025. La CEO Julie Smolyansky, quien inició la inversión original en Simple Mills, recibió la confirmación de apoyo del Consejo de Administración de Lifeway por su gestión de la empresa.
라이프웨이 푸드 (NASDAQ: LWAY)는 2015년 초기 투자 이후 Simple Mills를 Flowers Foods에 판매하여 500만 달러의 순이익을 예상하고 있습니다. 이 이익은 2019년에 실현된 150만 달러의 수익과 결합되어 총 예상 수익이 약 650만 달러에 이를 것으로 보입니다.
이번 거래는 Flowers Foods가 Simple Mills를 7억 9500만 달러에 인수하는 것으로, 규제 승인을 기다리고 있으며, 2025년 1분기에 마감될 것으로 예상됩니다. Simple Mills에 대한 원래 투자를 시작한 CEO Julie Smolyansky는 Lifeway의 이사회로부터 회사 관리에 대한 지지를 확인받았습니다.
Lifeway Foods (NASDAQ: LWAY) prévoit un bénéfice net de 5 millions de dollars suite à la vente de Simple Mills à Flowers Foods, après leur investissement initial en 2015. Ce bénéfice, combiné à un bénéfice de 1,5 million de dollars réalisé en 2019, porte le total des recettes attendues à environ 6,5 millions de dollars.
La transaction implique que Flowers Foods acquiert Simple Mills pour 795 millions de dollars, sous réserve de l'approbation réglementaire, avec une clôture prévue au premier trimestre de 2025. La PDG Julie Smolyansky, qui a initié l'investissement initial dans Simple Mills, a reçu la confirmation du soutien du Conseil d'Administration de Lifeway pour sa gestion de l'entreprise.
Lifeway Foods (NASDAQ: LWAY) erwartet einen Netto-Gewinn von 5 Millionen Dollar aus dem Verkauf von Simple Mills an Flowers Foods, nach ihrer frühen Investition im Jahr 2015. Dieser Gewinn, kombiniert mit einem zuvor realisierten Gewinn von 1,5 Millionen Dollar im Jahr 2019, bringt die insgesamt erwarteten Einnahmen auf etwa 6,5 Millionen Dollar.
Die Transaktion umfasst den Erwerb von Simple Mills durch Flowers Foods für 795 Millionen Dollar, vorbehaltlich der Genehmigung durch die Aufsichtsbehörden, mit einem erwarteten Abschluss im ersten Quartal 2025. CEO Julie Smolyansky, die die ursprüngliche Investition in Simple Mills initiiert hat, erhielt die Bestätigung der Unterstützung durch den Vorstand von Lifeway für ihre Unternehmensführung.
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In the news release, LIFEWAY FOODS EXPECTS TO REALIZE
LIFEWAY FOODS EXPECTS TO REALIZE $5 MILLION
Gain comes as a result of early investment in Simple Mills made by Lifeway in 2015
"We extend our congratulations to Simple Mills and its CEO Katlin Smith for its successful exit based on the impending
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 affirms its support for the management of the Company by Julie Smolyansky who was responsible for the early investment in Simple Mills.
About Lifeway Foods, Inc.
Lifeway Foods, Inc., which has been recognized as one of Forbes' Best Small Companies, is America's leading supplier of the probiotic, fermented beverage known as kefir. In addition to its line of drinkable kefir, the company also produces a variety of cheeses and a ProBugs line for kids. Lifeway's tart and tangy fermented dairy products are now sold across the United States, Mexico, Ireland, South Africa, United Arab Emirates and France. Learn how Lifeway is good for more than just you at lifewayfoods.com.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief or expectations for our business, operations, financial performance or condition. These statements use words such as "continue," "believe," "expect," "anticipate," "plan," "project," "estimate," "outlook," and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could." You are cautioned not to rely on these forward-looking statements. These forward-looking statements are made as of the date of this press release, are based on current expectations of future events and thus are inherently subject to a number of risks and uncertainties, many of which involve factors or circumstances beyond Lifeway's control. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from Lifeway's expectations and projections. These risks, uncertainties and other factors include: price competition; the decisions of customers or consumers; the actions of competitors; changes in the pricing of commodities; the effects of government regulation; possible delays in the introduction of new products; customer acceptance of products and services; and other factors discussed in Part I, Item 1A "Risk Factors" of Lifeway's Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Lifeway expressly disclaims any obligation to update any forward-looking statements (including, without limitation, to reflect changed assumptions, the occurrence of anticipated or unanticipated events or new information), except as required by law.
Contacts:
Perceptual Advisors
Dan Tarman
Email: dtarman@perceptualadvisors.com
Derek Miller
Vice President of Communications, Lifeway Foods
Email: derekm@lifeway.net
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SOURCE Lifeway Foods, Inc.
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