Lifeway Foods to acquire drinkable yogurt maker

Lifeway Foods to acquire drinkable yogurt maker

MORTON GROVE, ILL. — Lifeway Foods, Inc., a supplier of kefir and fermented probiotic products to support the microbiome, has agreed to acquire certain assets of privately-held Laguna Beach, Calif.-based GlenOaks Farms, Inc. for $5.8 million.

Founded in 1984, GlenOaks offers six different drinkable yogurt products that are made with fruit puree and fresh California dairy. GlenOaks drinkable yogurt contains 3.5 billion probiotic cultures per serving.

The drinkable yogurts are available 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,” said Julie Smolyansky, president and chief executive 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 expected to close in August.

In addition to its line of drinkable kefir, Lifeway also produces cheese and a ProBugs line for children. The company’s products are sold across the United States, Mexico, Ireland, France and the United Kingdom.