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The Lifeway Foods story begins in 1986 with kefir, a milk-based cultured drink that is popular in Eastern Europe and is said to be more nutritional than yogurt. That year, Russian immigrant Michael Smolyansky began manufacturing kefir in his basement to bring the taste of his native country to the U.S. After Michael Smolyansky passed away in 2002, his daughter Julie Smolyansky assumed the role of President, while his son Edward Smolyansky assumed the role of Chief Financial Officer and Treasurer. Today, Lifeway is the country`s leading manufacturer of kefir, with multiple flavors and varieties that include lowfat, whole milk and organic versions as well as a children`s line, and a provider of other probiotic natural and organic dairy products for health-conscious consumers.
GraceKennedy Limited is engaged in food trading, financial services, and retail trading activities. It operates in five segments: Food Trading, Retail and Trading, Banking and Investments, Insurance, and Money Services. The Food Trading segment is involved in the merchandising of general goods and food products; processing and distribution of food products; and operation of a chain of supermarkets. The Retail and Trading segment merchandises agricultural supplies, home improvement supplies, and hardware and lumber. The Banking and Investments segment provides commercial banking, investment management, lease and trade financing, stock brokerage, pension management, property rental, and mutual fund management services. The Insurance segment offers general insurance and insurance brokerage services. The Money Services segment is engaged in the provision of money transfer and bill payment services; and cambio operations. The company has operations in Jamaica and other Caribbean countries, Europe, North America, Africa, and internationally. GraceKennedy Limited was founded in 1922 and is headquartered in Kingston, Jamaica.
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