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Open Gate Capital

Saturday, March 2, 2013

$5.5M Purchase Offer Placed for Golden Guernsey

Nearly two months after workers were displaced during abrupt dairy closure, an Ohio dairy looks to expand in Waukesha.

Superior Dairy in Canton, OH, has made a $5.5 million offer to purchase Golden Guernsey in Waukesha, Patch's media partners at WISN 12 News. The offer for purchase could make way for Golden Guernsey to re-open after a California investment firm owning the Wisconsin dairy filed bankruptcy in early January. Earlier this week, the Christmas hat was taken off the giant cow – a Waukesha icon on Delafield Street. The Christmas hat had been untouched as dairy workers were forced to leave the plant and their jobs with no warning. The company started in 1930 as a farmer-owned cooperative in Milwaukee, and by 1935, Golden Guernsey delivered milk to the homes of 20,000 customers in Wisconsin, according to its website. By 1955 construction began at …

American Landscape - Vernon

11:32 am on Sunday, March 3, 2013

This would be wonderful for the employees and Waukesha!   more ›

Friday, January 11, 2013

DOJ Files $2M Claim for Unpaid Golden Guernsey Wages

Employees are left wondering if they will be paid for work after dairy shut down with no warning.

The Wisconsin Department of Justice has filed a $2 million lien against Golden Guernsey for unpaid employee wages in Waukesha County Circuit Court. The Wisconsin Department of Justice is also seeking a 5 percent interest rate on money owed to 112 employees who were left without a job when the dairy closed with no warning. The company, owned by OpenGate Capital in California, filed for bankruptcy, blaming high costs from suppliers and union employees. Golden Guernsey declared bankruptcy on Tuesday. A news release from OpenGate Capital states that Golden Guernsey sales increased by 20 percent, but expenses were exceeding the revenues. Employees were left without answers when the plant shut down. One employee, Robert Storm, has filed a …

marie

9:16 am on Saturday, January 12, 2013

Just another sad tragedy of the government getting involved in anti trust rules that are shutting companies down. how did this help Waukesha and the dedicated employees that have worked there for years? Big retailers like walmart can get bigger and a company that owns only 60percent is shut down? I bet if Walmart could deliver milk it would also jump on the bandwagon to do this too.....very sad   more ›

Thursday, January 10, 2013

Gov. Walker: State Will Help Displaced Golden Guernsey Workers

Employees want to know if they will get paid after the plant shut down without warning.

Gov. Scott Walker believes a federal antitrust law that forced Dean Foods to sell Golden Guernsey in 2011 disrupted a free-market system, according to WISN-Channel 12. Walker told the Milwaukee TV station his administration is working to help displaced Golden Guernsey workers. Golden Guernsey’s 112 employees were given no warning that they would lose their jobs in the sudden plant closure. The company, owned by OpenGate Capital in California, filed for bankruptcy, blaming high costs from suppliers and union employees. “We're going to do everything in our power to make sure, ultimately, they get reconnected with other dairy operations," Walker told Channel 12. Golden Guernsey declared bankruptcy on Tuesday. Nikou said in a new release that …

Mike Talin

10:32 pm on Thursday, January 10, 2013

Microsoft and Apple can have complete market control without fear because they have bought out each and every important senator and congress person who sit on the anti-trust boards. So we little people suffer when our good friends and family members get nothing but the shaft. And this is not Obama's fault. It is the terrible system stupid hose and senate members agree to year after year. Thank …   more ›

Wednesday, January 9, 2013

California CEO Blames Golden Guernsey Troubles on Suppliers, Unions

Waukesha dairy shut down without warning on Saturday, days before it filed for bankruptcy.

The chief executive officer of OpenGate Capital, the company that owns Golden Guernsey, blames the Waukesha dairy’s financial problems on the company’s suppliers and union contracts, according to Patch’s media partners at FOX6 News. “There was multiple times that earlier, five months ago, they came to us and the union actually went to them with a huge cost savings, and they just never even contacted us about it,” CEO Andrew Nikou told FOX 6. Union members told the TV station they were never asked to take wage reductions. Employees were shocked when they were told they no longer had a job. With 112 employees losing jobs, many are questioning why OpenGate Capital did not give the state-mandated 60-day notice for a plant closure. Golden …

Waukesha Common Sense

9:50 pm on Thursday, January 10, 2013

Yeah only the Republicans are for jobs. Ive never seen anything in the newspaper with Dems crying about WI job numbers. Stop posting.   more ›

Tuesday, January 8, 2013

California Investors File Bankruptcy for Golden Guernsey

Expenses for Waukesha dairy, which shut down without warning on Saturday, exceeded revenues, according to OpenGate Capital.

OpenGate Capital has declared bankruptcy for the Golden Guernsey plant in Waukesha, which led to the plant’s shutdown on Saturday, the company said Tuesday. More than 100 employees were left without answers when the plant shut down. One employee, Robert Storm, has filed a complaint with the Wisconsin Department of Workforce Development because the employees did not receive 60 days notice before they lost their jobs. Online federal records did not yet have a bankruptcy notice posted late Tuesday. The company started in 1930 as a farmer-owned cooperative in Milwaukee, and by 1935, Golden Guernsey delivered milk to the homes of 20,000 customers in Wisconsin, according to its website. By 1955, construction began at its current facility at 2101…

John Smith

7:06 am on Thursday, January 10, 2013

It is Obama's fault. He is doing nothing to fix our situation. Redistribution of wealth doesn't work. Whoever said " I want to work for a poor man?" Its only a matter of time before he has us all jobless and you will be wondering what happened. Stay informed and think about it. Profit is not a dirty word.   more ›

Monday, September 12, 2011

Golden Guernsey Purchase Now Complete

California investment firm looks at expanding Waukesha plant.

The Dean Foods/Golden Guernsey milk processing plant at Delafield Street and Northview Road was officially sold to a California-based investment firm on Monday, according to a news release from the OpenGate Capital, the firm that purchased the property. OpenGate Capital aquired the Golden Guernsey brand. The plant will operate as Golden Guerney, LLC, according to the news release. Dean Foods was ordered to sell the milk processing plant in March, which settled a federal antitrust lawsuit that fought the company’s 2009 purchase of the plant from Foremost Farms USA because it controlled nearly 60 percent of milk sales, according to a March news release from Attorney General J.B. Van Hollen. The lawsuit challenging the purchase was based on …

Larry Egly

11:56 am on Saturday, January 5, 2013

Open Gate Cap. has locked this plant out.   more ›

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