"On May 14, 2013, Lifeway Foods, Inc. (the "Company") was selected as the winning bidder to purchase substantially all of the assets of Golden Guernsey Dairy, LLC ("Golden Guernsey") for a purchase price of $7,365,000 (the "Asset Purchase"). Golden Guernsey is the subject of a bankruptcy proceeding."
Seems like a good move, but I have no idea if LWAY got a good deal or a great deal. Ulitmately LWAY's bid persevered by $100K over Superior Dairy LLC, Canton, OH. In March, Superior had orignally bid $5.5m for Golden Guernsey.
Nice earnings with nice margins.