Lifeway Foods Announces Expanded Distribution in Ireland
August 12 2021 - 5:20PM
Lifeway Foods, Inc. (Nasdaq: LWAY) (“Lifeway” or “the Company”),
the leading U.S. manufacturer of kefir and fermented probiotic
products, announced the expansion of kefir distribution in the
Irish market with a listing at Tesco. The initial offering of 1L
Lifeway Kefir bottles is now shipping and available on shelves.
“Our success in Ireland has been crucial to our European
business plan,” said Lifeway CEO Julie Smolyansky. “We are excited
to bring our kefir to an even greater audience of shoppers in
Ireland and look forward to continued flavor and assortment
expansion. Tesco’s history of leadership in the grocery space is
well documented, and we’re proud to partner with them as we
continue our mission to bring healthy products to people around the
world.”
Last year, Tesco reported that demand for kefir drinks was up
400%. Additionally, Research and Markets released a report on the
kefir market that stated they expect global kefir sales to grow to
$2.05 billion USD by 2025, due in part to the surge in consumption
prompted by a focus on digestive health and immune support related
to COVID-19.
About Lifeway FoodsLifeway Foods, Inc.,
which has been recognized as one of Forbes' Best Small Companies,
is America's leading supplier of the probiotic, fermented beverage
known as kefir. In addition to its line of drinkable kefir, the
company also produces cheese and a ProBugs line for kids. Lifeway's
tart and tangy fermented dairy products are now sold across the
United States, Mexico, Ireland, France and the United
Kingdom. Learn how Lifeway is good for more than just you at
lifewayfoods.com.
Forward-Looking Statements All statements
in this release (and oral statements made regarding the subjects of
this release) contain “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995 regarding,
among other things, future operating and financial performance,
product development, market position, business strategy and
objectives. These statements use words, and variations of words,
such as “expect,” “vision,” “will,” “predict,” “grow,” and “trend.”
Other examples of forward looking statements may include, but are
not limited to, (i) statements of Company plans and objectives,
including the introduction of new products, or estimates or
predictions of actions by customers or suppliers, (ii) statements
of future economic performance, and (III) statements of assumptions
underlying other statements and statements about Lifeway or its
business. You are cautioned not to rely on these forward-looking
statements. These statements are based on current expectations of
future events and thus are inherently subject to uncertainty. If
underlying assumptions prove inaccurate or known or unknown risks
or uncertainties materialize, actual results could vary materially
from Lifeway’s expectations and projections. These risks,
uncertainties, and other factors include: price competition; the
decisions of customers or consumers; the actions of competitors;
changes in the pricing of commodities; the effects of government
regulation; possible delays in the introduction of new products;
and customer acceptance of products and services. A further list
and description of these risks, uncertainties, and other factors
can be found in Lifeway’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2020, and the Company’s subsequent filings
with the SEC. Copies of these filings are available online at
https://www.sec.gov, http://lifewaykefir.com/investor-relations/,
or on request from Lifeway. Information in this release is as of
the dates and time periods indicated herein, and Lifeway does not
undertake to update any of the information contained in these
materials, except as required by law. Accordingly, YOU SHOULD NOT
RELY ON THE ACCURACY OF ANY OF THE STATEMENTS OR OTHER INFORMATION
CONTAINED IN ANY ARCHIVED PRESS RELEASE.
Company Contact:Derek Miller847-967-1010DerekM@Lifeway.net
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