MORTON GROVE, Ill.,
June 4, 2012 /PRNewswire/ -- Lifeway
Foods, Inc., (Nasdaq: LWAY), a leading supplier of cultured dairy
products known as kefir and organic kefir, announced this week that
it is ranked #39 on Crain's Chicago Business' 2012 Fast 50, a
prestigious annual list of the fastest growing public and private
companies in the Chicago area.
(Logo:
http://photos.prnewswire.com/prnh/20120119/AQ36947LOGO-b)
Crain's ranks the fastest-growing public and private companies
in the Chicago area based on
five-year revenue growth. Lifeway Foods has seen a 178 percent
five-year revenue growth, reporting $77.1
million in revenue in 2011 up from $63.5 million in revenue in 2010.
"We believe our strong sales momentum will continue in 2012,"
said Julie Smolyansky, CEO of
Lifeway Foods, Inc. "This year, we expect increased
distribution of our kefir products with our retail
partners. Our recent expansion with Target exhibits the
growing healthy living trend, consumers' demand for nutritious
products, and retailers increasingly expanding their product
offerings to support consumer demand."
Innovative products such as ProBugs, a line of kids' beverages
launched in 2006, have kept Lifeway on top of the cultured dairy
market. In 2011, sales of ProBugs' most popular flavor (Goo-Berry
Pie) increased 40 percent. Last summer, Lifeway Foods launched
pints of frozen kefir, available in eight flavors and this spring,
it added a frozen ProBugs product to the lineup.
About Lifeway Foods, Inc.
Lifeway Foods, Inc. (Nasdaq: LWAY), recently named one of
Fortune Small Business' Fastest Growing Companies for the fifth
consecutive year, is America's leading supplier of the cultured
dairy products known as kefir and organic kefir. Lifeway Kefir is a
dairy beverage that contains 10 exclusive live and active probiotic
cultures plus ProBoost™. In addition to its line of Kefir products,
the company produces a variety of Frozen Kefir and probiotic cheese
products. Lifeway also sells frozen kefir, kefir smoothies and
kefir parfaits through its Starfruit™ retail stores. For more
information, visit http://www.lifewaykefir.com or follow Lifeway
Foods on Facebook (www.facebook.com/lifewaykefir); Twitter
(http://twitter.com/lifewaykefir); Pinterest
(http://pinterest.com/lifewaykefir); Flickr
(http://www.flickr.com/photos/Lifeway_Kefir) or YouTube
(http://www.youtube.com/user/lifewaykefir).
Contact:
Lifeway Foods, Inc.
Phone: 877.281.3874
Email: info@Lifeway.net
ICR:
John Mills
Katie Turner
646.277.1228
Press Contact:
SSPR - Lauren
Kaminski
lkaminski@sspr.com
847.415.9317
SOURCE Lifeway Foods, Inc.