Lifeway Foods announces intent to acquire assets of GlenOaks Farms
The acquisition will expand Lifeway Foods’ position within the better-for-you drinkable dairy space.
Lifeway Foods Inc., a Morton Grove, Ill.-based supplier of kefir and other fermented probiotic products to support the microbiome, announced its intent to acquire certain assets of privately held Laguna Beach, Calif.-based GlenOaks Farms Inc., a drinkable yogurt brand founded in 1984. GlenOaks’ product offerings include six different flavors of popular drinkable yogurt products that are made with fruit puree and fresh California dairy. GlenOaks drinkable yogurt contains 3.5 billion probiotic cultures per serving and has been enjoyed by health-conscious customers for generations.
“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 U.S.,” commented Julie Smolyansky, Lifeway Foods’ president and CEO. “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.