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 …
43.03189
-88.24457
Golden Guernsey Dairy/Dean Foods
2101 Delafield St, Waukesha, WI
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1064099
/locations/5333411
Closing on milk processing plant expected in third quarter.
A California-based private equity firm is purchasing Dean Foods in Waukesha, according to a news release. OpenGate Capital will acquire Golden Guernsey and La Vaca Bonita brands in the purchase. OpenGate is expected to close on the plant that is located at Delafield Street and Northview Road in the third quarter. The deal is subject to regulator approvals, according to the news release. “OpenGate seeks opportunities to acquire well-recognized brands with solid operations and business fundamentals,” said Andrew Nikou, OpenGate Capital Founder and Managing Partner. “This operation, including the Golden Guernsey brand, meets our mark on all accounts. Not only is the brand a local icon renowned since 1930 for the highest quality and freshest …
Larry Egly
11:56 am on Saturday, January 5, 2013
Open Gate Cap. has locked this plant out. more ›