WINNETKA, Ill. – The Hoffman Family of Companies has made an offer to purchase Oberweis Dairy and all of its assets after a bankruptcy filing earlier this month.
The Hoffman Family of Companies is based in Naples, Florida, though its founder David Hoffman is a native of Washington, Missouri.
According to a news release, HFOC’s investment arm Osprey Capital LLC has entered discussions with various stakeholders to acquire Oberweis Dairy, the Illinois-based company that sells ice cream and milk in glass bottles.
“The Hoffmann family has a history of investing in multi-generational, family-owned businesses and was specifically drawn to invest in Oberweis because of its highly regarded history, brand and alignment with family values,” said a statement in the release. “The firm prioritizes investing in world-class companies, and Oberweis’ premier products and commitment to service have made the brand a household name for nearly a century.”
It appears Oberweis has at least one other prospective buyer. Brian Boomsma, an Illinois businessman and founder of Dutch Farms, has also made a bid to purchase the company.
According to a media statement, Oberweis expects the sale and its reorganization process to be completed by June.