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Lifeway Foods Acquires Philadelphia Based Fresh Made Dairy, the Nation's Second Largest Kefir Manufacturer
Date:2/9/2009

rly installment payments over two years, and $1 million of Lifeway's treasury shares, (i.e. approximately 131,500 shares). Included in the total purchase price is approximately $2,000,000 in real estate.

The agreement was signed February 6, 2009

About Fresh Made Dairy

Fresh Made, Inc. was founded in 1982, and is a leading producer of Kefir, and other specialty dairy products. The company's products are distributed throughout the United States and are offered for sale in both specialty European, as well as traditional, food markets, such as Whole Foods, Shop Rite, Acme, Safeway and other large supermarkets. Fresh Made's products are produced from the freshest milk delivered straight to its state-of-the-art production facility in Northeast Philadelphia.

The company's flagship product is kefir, a yogurt style drink which contains friendly "probiotic" bacteria. Fresh Made Kefir is offered in 15 flavors and comes in reduced fat and non-fat varieties. In recent years, Fresh Made expanded its product line to include a variety of delicious probiotic farmer's cheeses. The company also produces a USDA certified organic product line, thereby offering old-world flavors in a fresh and health conscious format. Fresh Made's products have been showcased on nationally syndicated television shows such as Martha Stewart Living and featured in a number of national publications.

Over the course of nearly three decades, Fresh Made has developed a trusted brand and a loyal customer base. What was once a two-person operation is now a thriving member of the Philadelphia business community with 25 employees and 2008 gross sales of approximately $10,000,000.

About Lifeway Foods

Lifeway, recently named Fortune Small Business' 97th Fastest Growing Small Business, and one of only 4 companies to ever be named to the list four straight years in a row, is America's
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SOURCE Lifeway Foods, Inc.
Copyright©2009 PR Newswire.
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