Lifeway expects $5M net profit from Simple Mills sale to Flowers Foods

Lifeway Foods, Inc.

Anticipates ~$5M net profit upon closing of Simple Mills sale; total expected proceeds ~$6.5M including prior $1.5M gain in 2019.
Simple Mills acquired by Flowers Foods for $795M; transaction subject to regulatory approval, expected Q1 2025 close.
CEO Julie Smolyansky credited for the 2015 early investment; Board affirms support for management.

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