Lifeway Foods

Lifeway Foods, Inc.
Public
Traded as NASDAQ: LWAY
Industry Health food
Founded Morton Grove, Illinois (1986 (1986))
Founder Michael Smolyansky
Headquarters Morton Grove, Illinois, United States
Key people
 Julie Smolyansky (CEO)
Michael Smolyansky (COO)
Products Kefir
Revenue Increase US$137.2 million (2015)[1]
Increase US$4.4 million (2015)[1]
Increase US$1.972 million (2015)[1]
Total assets Increase US$64.9 million (2015)[1]
Total equity Increase US$45.3 million (2015)[1]
Number of employees
 370 (2015)[1]
Website www.lifeway.net

Lifeway Foods is an American health food company selling kefir founded in 1986.

History

Lifeway Foods was founded by Michael Smolyansky, an immigrant who arrived in the United States from Odessa, Ukraine, in 1976. Ten years after moving to the US, he found the fermented milk drink kefir at a food show and decided to start producing it. The company started in Michael's basement, but it soon turned public. After Michael's death in 2002, his daughter, Julie Smolyansky, took over the company.[2][3]

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.[4] The company also produces farmer cheese resembling Eastern-European style tvorog.[5]

References

  1. 1 2 3 4 5 6 "Annual report" (PDF). lifewaykefir.com. 2015.
  2. ↑ Hogan, Marc (December 18, 2006). "From Russia, with Yogurt". Bloomberg Businessweek. Retrieved January 2, 2011.
  3. ↑ "BRIEFS".
  4. ↑ "Kefir". Lifeway Foods. Retrieved January 2, 2011.
  5. ↑ "Cheese". Lifeway Foods. Retrieved January 2, 2011.
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