Oberweis Dairy purchased by Winnetka-based private equity firm in bankruptcy auction ...Middle East

Private equity firm Hoffmann Family of Companies bought Oberweis Dairy and its assets on Wednesday in a bankruptcy auction, besting an initial offer from the owner of Dutch Farms, an egg-and-dairy company based in Pullman. Osprey Capital, the investment arm of Winnetka-based HF Companies, emerged as the winning bidder for Oberweis, known for its ice cream shops and milk in glass bottles. Terms of the deal, pending court approval, were not disclosed but likely surpassed Brian Boomsma’s bid of about $20 million, as disclosed in previous court filings. Boomsma, owner of Dutch Farms, made a stalking horse bid to buy Oberweis in late April. A stalking horse bidder makes the first offer in

Hence then, the article about oberweis dairy purchased by winnetka based private equity firm in bankruptcy auction was published today ( Thursday 30/05/2024 - 03:01 PM ) and is available on NBC Chicago ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oberweis Dairy purchased by Winnetka-based private equity firm in bankruptcy auction )

Also on site :

• Aura AI Assistant for Unreal Engine Launches: VR Studio Ships Game in Half the Time with New Agent Capabilities
• Man accused of placing pipe bombs near GOP and Democratic headquarters in Washington to remain in jail pending trial
• FDA Clears BrainSpace Intellidrop, an automated neuro device that addresses ICU nursing shortages and builds training data for Physical AI