LIFEWAY FOODS EXPECTS TO REALIZE $5 MILLION NET GAIN FROM SALE OF SIMPLE FOODS TO FLOWERS FOODS

Core Insights - Lifeway Foods, Inc. expects to realize approximately $5 million in net profit from the sale of Simple Mills to Flowers Foods, following an early investment made in 2015 [1][2] - The total expected net proceeds from the investment in Simple Mills, including a previous gain of $1.5 million in 2019, amounts to approximately $6.5 million [1] - The acquisition of Simple Mills is valued at $795 million and is subject to regulatory approval, with a projected closing date in the first quarter of 2025 [2][3] Company Overview - Lifeway Foods, Inc. is recognized as a leading supplier of kefir and fermented probiotic products in the U.S., and has been acknowledged as one of Forbes' Best Small Companies [4] - The company offers a variety of products, including drinkable kefir, cheeses, and a ProBugs line for children, with distribution across multiple countries including the U.S., Mexico, and France [4] - Lifeway's CEO, Julie Smolyansky, has been instrumental in the company's early investment strategy, particularly in Simple Mills [3]