Stay updated with breaking news from Geoff Hoffmann. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The undisclosed offer from the Hoffmann Family of Companies through its investment arm, Osprey Capital, bested Brian Boomsma, owner of Chicago-based Dutch Farms, who made a $20 million stalking horse bid in April for Oberweis.
There are now two competing bidders to buy Oberweis Dairy after the Illinois company filed for bankruptcy earlier this month.
There are now two competing bidders to buy Oberweis Dairy after the Illinois company filed for bankruptcy earlier this month.
Brian Boomsma of Dutch Farms in Pullman and Hoffmann Family of Cos. in Winnetka made two separate offers to buy Oberweis Dairy.
Oberweis Dairy, which filed for Chapter 11 bankruptcy protection earlier this month, announced Tuesday that it has found a buyer for its century-old family business.