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.[2]
Lifeway Foods was founded by Michael Smolyansky, a Ukrainian Jewish immigrant who arrived in the United States from Kyiv, Ukraine, USSR, in 1976.[3] 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.[4]
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.[5][6] 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.[7][8][9]
Productsedit
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.[10] The company also produces farmer cheese resembling Eastern-European style tvorog[11] and Lifeway Oat, a probioticoat milk designed to support the gut.[12]
lifeway, foods, illinois, based, health, food, company, founded, 1986, they, leading, supplier, kefir, fermented, probiotic, products, support, microbiome, company, typepublictraded, asnasdaq, lwayrussell, microcap, index, componentindustryhealth, foodfoundedm. 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 2 Lifeway Foods Inc Company typePublicTraded asNasdaq LWAYRussell Microcap Index componentIndustryHealth foodFoundedMorton Grove Illinois 1986 1986 FounderMichael SmolyanskyHeadquartersMorton Grove Illinois United StatesKey peopleJulie Smolyansky CEO Michael Smolyansky Founder ProductsKefirRevenueUS 137 2 million 2015 1 Operating incomeUS 4 4 million 2015 1 Net incomeUS 1 972 million 2015 1 Total assetsUS 64 9 million 2015 1 Total equityUS 45 3 million 2015 1 Number of employees370 2015 1 Websitewww wbr lifeway wbr net Contents 1 History 2 Products 3 References 4 External linksHistory editLifeway Foods was founded by Michael Smolyansky a Ukrainian Jewish immigrant who arrived in the United States from Kyiv Ukraine USSR in 1976 3 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 4 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 5 6 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 7 8 9 Products editLifeway 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 10 The company also produces farmer cheese resembling Eastern European style tvorog 11 and Lifeway Oat a probiotic oat milk designed to support the gut 12 nbsp Krestiansky kefir nbsp Farmer cheeseReferences edit a b c d e f Annual report PDF lifewaykefir com 2015 Lifeway Foods Inc To Report Fourth Quarter and Full Year 2022 Results on March 27 2023 Schreck Carl 22 March 2015 How a Soviet Emigre Family Took Kefir Mainstream in America Radio Free Europe Radio Liberty Ukrainian Immigrants Culture a Lucrative Niche Chicago Tribune https www inc com elizabeth gore how the youngest female ceo of a publicly traded company overcame age and gender html Schreck Carl 22 March 2015 How a Soviet Emigre Family Took Kefir Mainstream in America Radio Free Europe Radio Liberty Leadership Hogan Marc December 18 2006 From Russia with Yogurt Bloomberg Businessweek Archived from the original on 2011 03 08 Retrieved 2019 09 07 Edward and Ludmila Smolyansky gear up for proxy battle at Lifeway Foods AGM Kefir Lifeway Foods Retrieved January 2 2011 Cheese Lifeway Foods Retrieved January 2 2011 Organic Oat External links editLifeway Foods Lifeway Kefir Retrieved from https en wikipedia org w index php title Lifeway Foods amp oldid 1172497144, wikipedia, wiki, book, books, library,
