Oberweis Dairy announced that it has received a stalking horse bid from Brian Boomsa, a local Illinois prominent business owner and successful entrepreneur, to purchase substantially all the operating assets.
Boomsa's plan is to operate and grow the business.
"We are thrilled to have a business leader like Brian Boomsma interested in investing in Oberweis and enabling the company to continue to move forward and prosper. We continue to be grateful to our loyal customers, vendors, and committed employees who have supported us through this process," said Adam Kraber, Oberweis Dairy president.
The company expects to complete the reorganization process and sale and emerge forward under new ownership in late June.
The Oberweis team continues to be "optimistic about the future of the company and building on nearly 100 years of providing the highest quality dairy products and service to our customers."
On Friday, April 12, Oberweis announced that it was filing for Chapter 11 reorganization. The intent of this filing was to seek debt relief while the company continues to operate in the ordinary course of business and pursue a sale of the business.
