Danone SA's bid to acquire Lifeway Foods (NASDAQ: LWAY) supported by Edward and Ludmila Smolyansky
Acquiring Company
Danone
Acquired Company
Lifeway Foods
Description
Edward and Ludmila Smolyansky, significant shareholders and members of Lifeway Foods' founding family, express strong support for Danone SA's proposal to acquire Lifeway Foods. The proposed acquisition represents a substantial premium over Lifeway's recent share price and reflects confidence in the growing U.S. kefir market — a category Lifeway helped build from the ground up.
Quick answer
Danone is acquiring Lifeway Foods, announced November 7, 2024. Danone is based in Paris, Ile-de-France, France.
- How much did Danone pay for Lifeway Foods?
- The deal value was not disclosed.
- What does Danone do?
- Danone India is a subsidiary of the French multinational food-products corporation Danone.
- Where are Danone and Lifeway Foods based?
- Danone is based in Paris, Ile-de-France, France. Lifeway Foods is based in Illinois, United States.
- Who are the decision-makers at Danone?
- Fundz holds 5 contacts at Danone. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Food and Beverage and Agriculture and Farming
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- The Middleby Corporation completes acquisition of Emery Thompson Frozen Dessert Equipment Company (October 11, 2024)
- Prairie Farms Dairy acquires SmithFoods to expand its dairy footprint (October 2, 2024)
- Middleby Corporation completes acquisition of Gorreri Food Processing Technology to strengthen its product line (November 26, 2024)
- Wisdom Natural Brands acquires Canada's Drizzle Honey to expand natural sweetener portfolio (November 4, 2024)
- Middleby Corporation completes acquisition of JC Ford, leader in tortilla production equipment systems (November 1, 2024)
- Lyons Magnus establishes Lyons Health Labs with the addition of Hormel Health Labs (October 23, 2024)
Who to call at Danone, and when
When Danone changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Danone raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Danone, from your own LinkedIn network
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Frequently asked
Who acquired Lifeway Foods?
Lifeway Foods was acquired by Danone, based in Paris. The deal was reported on November 7, 2024. Danone India is a subsidiary of the French multinational food-products corporation Danone. Danone is privately held and operates in Food and Beverage.
When did Danone acquire Lifeway Foods?
Danone's acquisition of Lifeway Foods was reported on November 7, 2024. Edward and Ludmila Smolyansky, significant shareholders and members of Lifeway Foods' founding family, express strong support for Danone SA's proposal to acquire Lifeway Foods. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lifeway Foods do?
Lifeway Foods, Inc. is a leading U.S. supplier of kefir and fermented probiotic products, known for its tart and tangy fermented dairy products. It has a diverse product line including drinkable kefir, a variety of cheeses, and a ProBugs line for kids. It is publicly traded (LWAY), operating in Manufacturing, and is based in Illinois.
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