Lifeway Foods, Inc.

Lifeway is a producer and marketer of kefir and other probiotic-based and natural food products. The company was the first to commercially introduce kefir to the U.S. consumer, initially serving ethnic consumers in the Chicago, Illinois metropolitan area. Lifeway has grown to become the largest producer and marketer of kefir in the U.S. The company's primary product is drinkable kefir, a cultured dairy product that is tart and tangy, high in protein, calcium, and vitamin D. Lifeway manufactures and markets products under the Lifeway, Fresh Made, and GlenOaks Farms brand names, as well as private labels for certain customers. Lifeway's product categories include: * Drinkable kefir, a cultured dairy product available in organic and non-organic varieties, various sizes, flavors, and milk types. * European-style soft cheeses, such as farmer cheese, white cheese, and Sweet Kiss. * Cream and other products, primarily consisting of cream, a byproduct of kefir production. * Drinkable yogurt, sold in various sizes and flavors. * ProBugs, a line of kefir products specifically designed for children. * Other dairy products, mainly Fresh Made butter and sour cream. For the year ended December 31, 2025, net sales were $212,496 thousand. Drinkable Kefir other than ProBugs accounted for $181,423 thousand (85%), Cheese for $16,571 thousand (8%), Cream and other for $8,693 thousand (4%), Drinkable Yogurt for $2,284 thousand (1%), Probugs Kefir for $2,214 thousand (1%), and Other dairy for $1,311 thousand (1%). For the year ended December 31, 2024, net sales were $186,820 thousand.