As with Kate Farms' other nutrition products, the formulation process for their High Protein Nutrition Shake started with identifying an unmet health need, the company said.
Gil de Cardenas, who has served as CEO since 2009, has moved to the role of Non-Executive Chairman of the Board, having spearheaded the company’s rapid expansion and played a key role in advancing the legacy of the storied 50-year-old brand.
Company responds its current strategy "has delivered strong shareholder returns (788% over five years through the date prior to Danone's initial unsolicited proposal) and financial results (~100% revenue growth from FY '19 through FY '24). We look forward to continuing this momentum for the benefit of all shareholders."
Kate Farms is a U.S.-based provider of plant-based, organic nutrition formulas developed to better meet the needs of patients with medical conditions and individuals seeking daily nutritional support.
The Walton plant, located at 261 Delaware St. produces Breakstone’s Sour Cream and Cottage Cheese. The Buffalo plant, located at 2375 South Park Ave., produces Galbani Ricotta, Mozzarella and Provolone cheese, along with whey powder that is distributed across the U.S. and abroad.
The partnership places Lifeway front and center as the primary sponsor of Bilicki's No. 91 Chevrolet Camaro, fielded by DGM Racing, in one of the most anticipated races of the season. The event takes place on Saturday, July 5.
This acquisition will serve to fuel Bubbies’ next phase of growth, now strengthened by Marubeni’s global resources and expertise spanning international supply chains and strong trade relationships.
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