Winnetka Firm Acquires Oberweis Dairy in Bankruptcy Auction

Winnetka-based private equity firm Hoffmann Family of Companies, through its investment arm Osprey Capital, has won the bankruptcy auction for Oberweis Dairy, a century-old Chicago-based dairy business. The acquisition, pending court approval, will see Hoffmann take over Oberweis' assets, including its North Aurora plant and 40 branded ice cream stores. The firm plans to invest in and grow the business, maintaining the current management team and enhancing production capabilities.