HOFFMANN’S Osprey Capital Approved to Acquire Oberweis Dairy, Unveils Expansion Plans

June 5, 2024

WINNETKA, Ill. (June 5, 2024) – Hoffmann Family of Companies is pleased to announce the court-approved acquisition of Oberweis Dairy. This milestone marks the end of a challenging chapter for the storied family-owned brand, which filed for Chapter 11 reorganization in April 2024.

Oberweis and Hoffmann teams come together to invest in the future of Oberweis and continue serving happiness to loyal customers

“We’re grateful to our employees and customers for standing by us during this difficult time,” said Geoff Hoffmann, co-CEO of Hoffmann Family of Companies. “With new financial backing, Oberweis Dairy is poised to continue its legacy as the most trusted name in dairy and beyond.”

The Hoffmann Family of Companies, a multi-vertical, family-owned firm, specializes in partnering with strong management teams and hands-on leaders. Their focus on customer and employee experiences drives sustained value across businesses, and the firm works across companies to provide and share support, insights, opportunities, and best practices.

Plans are already underway to enhance production capabilities and streamline operations in Oberweis Dairy’s manufacturing facilities. Immediate improvements are expected in select locations, including brighter stores and an expanded product selection. The company will soon announce additional Chicagoland market locations and other expansions where Hoffmann-owned companies operate. Notably, there are no plans to close existing locations or make substantial cuts to the business, and the Oberweis Dairy brand name will remain intact.

“Oberweis is primed for growth with the support of Hoffmann Family of Companies,” stated Adam Kraber, President of Oberweis Dairy. “Our customers can look forward to exciting improvements throughout the summer and fall.”

The Hoffmann family’s dairy roots trace back to founder David Hoffmann’s childhood on a Missouri dairy farm. Their extensive experience in acquiring founder-led companies positions them to provide capital for growth and improvements. Most of the companies acquired by Hoffmann Family of Companies continue to be led by their founders, including second and third-generation family leaders.

“The Oberweis acquisition aligns with our core investment philosophy: ‘Invest in good businesses, good properties, good people – all with the potential to be better,’” emphasized Geoff Hoffmann. “We eagerly anticipate delivering smiles to customers and employees for years to come.”

About Hoffmann Family of Companies

Hoffmann Family of Companies is a multi-vertical, family-owned private equity firm consisting of over 100 national brands, and employs 9,000 global employees with businesses located in 30 countries and 250 locations around the world. Hoffmann Family of Companies’ verticals include Aviation, Agriculture, Financial Services, Hospitality, Business & Professional Services, Industrial, Manufacturing, Marine, Media & Marketing, Real Estate and Transportation.

About Oberweis Dairy

Having been started on a dairy farm nearly a century ago, Oberweis Dairy provides the best-tasting milk, ice cream, and now chocolates available anywhere. The company is famous for milk in its trademark glass bottles as well as its best-in-class smooth and creamy ice cream. The company distributes its products through its 48 ice cream and dairy stores, to thousands of homes through its home delivery service, and through grocery stores. Oberweis is family-owned and operated, currently by the 3rd and 4th generations. For more information about Oberweis Dairy, visit

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