LIFEWAY FOODS EXPECTS TO REALIZE $5 MILLION NET GAIN FROM SALE OF SIMPLE FOODS TO FLOWERS FOODS
Lifeway Foods (NASDAQ: LWAY) anticipates a $5 million net gain from the sale of Simple Foods to Flowers Foods. This gain stems from Lifeway's early investment in Simple Mills in 2015. The company had previously realized a $1.5 million gain in 2019, bringing the total expected proceeds to approximately $6.5 million.
The acquisition of Simple Mills by Flowers Foods, valued at $795 million, is pending regulatory approval and expected to close in Q1 2025. Lifeway's Board of Directors has expressed support for CEO Julie Smolyansky, who was responsible for the initial investment decision in Simple Mills.
Lifeway Foods (NASDAQ: LWAY) prevede un guadagno netto di 5 milioni di dollari dalla vendita di Simple Foods a Flowers Foods. Questo guadagno deriva dall'investimento iniziale di Lifeway in Simple Mills nel 2015. L'azienda aveva già realizzato un guadagno di 1,5 milioni di dollari nel 2019, portando il totale previsto a circa 6,5 milioni di dollari.
L'acquisizione di Simple Mills da parte di Flowers Foods, valutata 795 milioni di dollari, è in attesa di approvazione regolatoria e si prevede che si concluda nel primo trimestre del 2025. Il Consiglio di Amministrazione di Lifeway ha espresso supporto per la CEO Julie Smolyansky, che è stata responsabile della decisione di investimento iniziale in Simple Mills.
Lifeway Foods (NASDAQ: LWAY) anticipa una ganancia neta de 5 millones de dólares de la venta de Simple Foods a Flowers Foods. Esta ganancia proviene de la inversión inicial de Lifeway en Simple Mills en 2015. La compañía ya había realizado una ganancia de 1.5 millones de dólares en 2019, llevando el total esperado a aproximadamente 6.5 millones de dólares.
La adquisición de Simple Mills por Flowers Foods, valorada en 795 millones de dólares, está pendiente de aprobación regulatoria y se espera que se cierre en el primer trimestre de 2025. La Junta Directiva de Lifeway ha expresado su apoyo a la CEO Julie Smolyansky, quien fue responsable de la decisión de inversión inicial en Simple Mills.
라이프웨이 푸드 (NASDAQ: LWAY)는 Simple Foods를 Flowers Foods에 판매하여 500만 달러의 순이익을 예상하고 있습니다. 이 수익은 2015년 라이프웨이가 Simple Mills에 초기 투자한 것에서 비롯됩니다. 회사는 이미 2019년에 150만 달러의 이익을 실현하였으며, 총 예상 수익은 약 650만 달러에 이를 것으로 보입니다.
Flowers Foods에 의한 Simple Mills의 인수는 7억9500만 달러로 평가되며, 규제 승인을 기다리고 있으며 2025년 1분기 내에 종료될 것으로 예상됩니다. 라이프웨이의 이사회는 Simple Mills의 초기 투자 결정을 내린 CEO 줄리 스몰리얀스키에 대한 지지를 표명했습니다.
Lifeway Foods (NASDAQ: LWAY) prévoit un gain net de 5 millions de dollars suite à la vente de Simple Foods à Flowers Foods. Ce gain provient de l'investissement précoce de Lifeway dans Simple Mills en 2015. L'entreprise avait déjà réalisé un gain de 1,5 million de dollars en 2019, portant le total des bénéfices prévus à environ 6,5 millions de dollars.
L'acquisition de Simple Mills par Flowers Foods, évaluée à 795 millions de dollars, est en attente d'approbation réglementaire et devrait être finalisée au premier trimestre de 2025. Le Conseil d'administration de Lifeway a exprimé son soutien à la PDG Julie Smolyansky, qui était responsable de la décision d'investissement initiale dans Simple Mills.
Lifeway Foods (NASDAQ: LWAY) erwartet einen Nettogewinn von 5 Millionen US-Dollar aus dem Verkauf von Simple Foods an Flowers Foods. Dieser Gewinn resultiert aus Lifeways früherer Investition in Simple Mills im Jahr 2015. Das Unternehmen hatte bereits 2019 einen Gewinn von 1,5 Millionen US-Dollar realisiert, wodurch die Gesamterwartungen auf etwa 6,5 Millionen US-Dollar steigen.
Die Übernahme von Simple Mills durch Flowers Foods, die auf 795 Millionen US-Dollar geschätzt wird, steht noch unter dem Vorbehalt der behördlichen Genehmigung und soll im ersten Quartal 2025 abgeschlossen werden. Der Vorstand von Lifeway hat seine Unterstützung für die CEO Julie Smolyansky ausgedrückt, die für die ursprüngliche Investitionsentscheidung in Simple Mills verantwortlich war.
- Expected $5 million net gain from Simple Mills sale
- Total proceeds of $6.5 million from Simple Mills investment
- Previous successful partial exit with $1.5 million gain in 2019
- None.
Insights
The anticipated
This transaction is particularly noteworthy as it represents approximately
The successful exit through Flowers Foods'
The Board's explicit affirmation of CEO Julie Smolyansky's leadership, specifically citing this investment success, suggests strong alignment between management and shareholders, which typically correlates with superior long-term performance. This validation could enhance investor confidence in management's capital allocation decisions and strategic vision.
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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