Kefir cultured dairy products manufacturer Lifeway Foods, of Morton Grove, said it has acquired the Golden Guernsey dairy plant in Waukesha, Wis. for $7.4 million.
The company said it abought the dairy plant to provide additional manufacturing capacity for its business. Adding the 170,000-square-foot plant to Lifeway's existing 50,000-square-foot facility in Morton Grove will more than quadruple the company's production capacity and provide much-needed expansion abilities, the company said in a statement.
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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 June 10.
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