Family-Owned PE Firm Wins Ch. 11 Bid To Buy Ill. Dairy Co.

By Yun Park · May 30, 2024, 5:45 PM EDT

Oberweis Dairy, an ice cream and dairy producer in Illinois, picked a family-owned private equity firm based in Florida as the prevailing bidder for its assets during a Chapter 11 auction,...

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Bankruptcy Scorecard

Summary

A popular Illinois-based ice cream and dairy producer owned by a former Republican state senator filed for bankruptcy blaming a series of business missteps and laying out plans to sell its assets.

Case Number

24-bk-05385

Judge

David D. Cleary

Venue

U.S. Bankruptcy Court for the Northern District of Illinois

Capital Structure

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Related Sections

Case Information

Case Title

ODI Oldco, Inc.

Case Number

1:24-bk-05385

Court

Illinois Northern

Nature of Suit

Date Filed

April 12, 2024

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