Adding the 170,000 sq ft plant to Lifeway’s existing 50,000 sq ft facility in Morton Grove, Illinois, will more than quadruple the company’s production capacity and provide much-needed expansion abilities.
The Golden Guernsey plant was shuttered this past January following a bankruptcy filing, leaving 112 employees without jobs. Lifeway plans to reopen the plant this summer and rehire a portion of the workforce to staff the facility.
The transaction is expected to close on 10 June.
Source: Lifeway Foods
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