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Lifeway Foods

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American health food company
Lifeway Foods, Inc.
Company typePublic
Traded asNasdaq: LWAY
Russell Microcap Index component
IndustryHealth food
FoundedMorton Grove, Illinois (1986 (1986))
FounderMichael Smolyansky
HeadquartersMorton Grove, Illinois, United States
Key peopleJulie Smolyansky (CEO)
Michael Smolyansky (Founder)
ProductsKefir
RevenueIncrease US$137.2 million (2015)
Operating incomeIncrease US$4.4 million (2015)
Net incomeIncrease US$1.972 million (2015)
Total assetsIncrease US$64.9 million (2015)
Total equityIncrease US$45.3 million (2015)
Number of employees370 (2015)
Websitewww.lifeway.net

Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.

History

Lifeway Foods was founded by Michael Smolyansky, a Ukrainian Jewish immigrant who arrived in the United States from Kyiv, Ukraine, USSR, in 1976. During a trip to West Germany, Michael and his wife, Ludmila Smolyansky, realized the kefir sold at a tradeshow was not sold in the United States and decided to start producing it.

The company went public and debuted on the NASDAQ exchange in 1988. They opened their first plant in Skokie, Illinois, a year later. The company began to grow by expanding its product lines and increasing its distribution.

After Michael's death in 2002, his daughter, Julie Smolyansky, took over and became the youngest female CEO of a publicly held firm at the age of 27. Since that time, Julie has grown Lifeway’s annual revenues from $12 million in 2002, to over $119 million in 2021. Now, Lifeway estimates it occupies 95 percent of the U.S. market in kefir, which the company has helped turn from a niche health-food product to a formidable player in the surging global market for yogurt and other cultured-milk products.

Products

Lifeway's flagship product is kefir. Lifeway sells it in several varieties, including low-fat, non-fat, Greek, organic, and low-carb varieties, as well as these in several different flavors. The company also produces farmer cheese resembling Eastern-European style tvorog and Lifeway Oat, a probiotic oat milk designed to support the gut.

  • Krestiansky kefir Krestiansky kefir
  • Farmer cheese Farmer cheese

References

  1. ^ "Annual report" (PDF). lifewaykefir.com. 2015.
  2. "Lifeway Foods, Inc. To Report Fourth Quarter and Full Year 2022 Results on March 27, 2023".
  3. Schreck, Carl (22 March 2015). "How a Soviet Emigre Family Took Kefir Mainstream in America". Radio Free Europe/Radio Liberty.
  4. "Ukrainian Immigrants Culture a Lucrative Niche". Chicago Tribune.
  5. https://www.inc.com/elizabeth-gore/how-the-youngest-female-ceo-of-a-publicly-traded-company-overcame-age-and-gender.html
  6. Schreck, Carl (22 March 2015). "How a Soviet Emigre Family Took Kefir Mainstream in America". Radio Free Europe/Radio Liberty.
  7. "Leadership -".
  8. Hogan, Marc (December 18, 2006). "From Russia, with Yogurt". Bloomberg Businessweek. Archived from the original on 2011-03-08. Retrieved 2019-09-07.
  9. "Edward and Ludmila Smolyansky gear up for proxy battle at Lifeway Foods AGM".
  10. "Kefir". Lifeway Foods. Retrieved January 2, 2011.
  11. "Cheese". Lifeway Foods. Retrieved January 2, 2011.
  12. "Organic Oat -".

External links

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