MORTON GROVE, ILL. — Lifeway Foods, Inc., a provider of kefir and fermented probiotic merchandise to help the microbiome, has agreed to acquire sure belongings of privately-held Laguna Beach, Calif.-based GlenOaks Farms, Inc. for $5.8 million.
Founded in 1984, GlenOaks gives six totally different drinkable yogurt merchandise which might be made with fruit puree and contemporary California dairy. GlenOaks drinkable yogurt accommodates 3.5 billion probiotic cultures per serving.
The drinkable yogurts can be found in blueberry, peach, raspberry, strawberry, strawberry banana and tropical fruit.
“We are very excited to welcome GlenOaks Farms into the Lifeway family, as it will further solidify our strong position in California and the Western US,” mentioned Julie Smolyansky, president and chief government officer of Lifeway. “Their drinkable yogurt is an incredible strategic complement to our kefir and will help expand our presence in key retail partners in the West, which is a crucial area of growth. This acquisition unlocks an adjacent health-oriented consumer and stays true to our core mission of supporting the gut health, immunity and mental well-being of our customers. We look forward to further developing the robust California market and exploring opportunities to expand GlenOaks nationwide.”
The transaction is predicted to shut in August.
In addition to its line of drinkable kefir, Lifeway additionally produces cheese and a ProBugs line for kids. The firm’s merchandise are bought throughout the United States, Mexico, Ireland, France and the United Kingdom.