Lifeway Foods

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

Lifeway Foods, Inc.
TypePublic
NASDAQ: LWAY
Russell Microcap Index component
IndustryHealth food
FoundedMorton Grove, Illinois (1986 (1986))
FounderMichael Smolyansky
Headquarters
Morton Grove, Illinois
,
United States
Key people
Julie Smolyansky (CEO)
Michael Smolyansky (COO)
ProductsKefir
Revenue US$137.2 million (2015)[1]
US$4.4 million (2015)[1]
US$1.972 million (2015)[1]
Total assets US$64.9 million (2015)[1]
Total equity US$45.3 million (2015)[1]
Number of employees
370 (2015)[1]
Websitewww.lifeway.net

History

Lifeway Foods was founded by Michael Smolyansky, an immigrant who arrived in the United States from Odessa, Ukraine, USSR, 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]

  • Krestiansky kefir
  • Farmer cheese

References
  1. "Annual report" (PDF). lifewaykefir.com. 2015.
  2. Hogan, Marc (December 18, 2006). "From Russia, with Yogurt". Bloomberg Businessweek. Archived from the original on 2011-03-08. Retrieved 2019-09-07.
  3. "BRIEFS".
  4. "Kefir". Lifeway Foods. Retrieved January 2, 2011.
  5. "Cheese". Lifeway Foods. Retrieved January 2, 2011.
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