Lifeway secures profit from Simple Mills deal
Source: FoodBusinessNews
MORTON GROVE, ILL. — Lifeway Foods, Inc., a manufacturer of fermented dairy products, said it expects to realize approximately $5 million in net profit following the recent sale of Simple Mills to Flowers Foods, Inc.Lifeway, which was an early investor in Simple Mills in 2015, said it previously realized a $1.5 million gain on the investment back in 2019. With the most recent sale Lifeway said it expects total…
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