HOFFMANN’S Osprey Capital Wins the Auction to Acquire Oberweis Dairy and Substantially All of its Assets from Chapter 11 Bankruptcy

May 29, 2024

WINNETKA, Ill. (May 29, 2024) – Hoffmann Family of Companies, through its investment arm, Osprey Capital LLC (Osprey), is pleased to announce that Hoffmann Dairy LLC (a subsidiary of Osprey) is the prevailing bidder after today’s auction to acquire Oberweis Dairy (Oberweis), a legacy, family-owned dairy company based in Illinois, in connection with Oberweis’ recently announced Chapter 11 bankruptcy process. The agreement to purchase is subject to approval by the United States Bankruptcy Court, and the terms of the agreement have not been disclosed. This strategic move expands the Hoffmann Family of Companies’ portfolio and reaffirms its commitment to quality and growth.

The family-owned investment firm is committed to growing the company across existing and new markets

“We are thrilled to write the next chapter of the company’s story with the wonderful employees at Oberweis Dairy,” said Geoff Hoffmann, co-CEO of Hoffmann Family of Companies. “Their dedication and passion for delivering exceptional dairy products align perfectly with our values.”

The Hoffmann family has a tradition of investing in multi-generational, family-owned businesses. Their decision to invest in Oberweis was driven by the dairy company’s rich history dating back to 1927, strong brand reputation, and alignment with family values. Hoffmann Family of Companies places a premium on investing in world-class enterprises, and Oberweis’ exceptional products and commitment to service have solidified its position as a household name for nearly a century.

“Our exceptional product set, accompanied by a brand that stands for quality that is second to none, is the foundation for our team members and company to write its next chapter,” said Adam Kraber, President of Oberweis Dairy. “We look forward to exciting developments ahead with Hoffmann Family of Companies.”

As part of the acquisition, Hoffmann Family of Companies plans to make strategic investments throughout Oberweis. The Aurora plant, in particular, will receive significant attention to enhance production capabilities and streamline operations.

“A heartfelt thank you to the team members at Oberweis who stuck with the company through this difficult period,” said Geoff Hoffmann. “Together, we will build a stronger, more resilient future for Oberweis Dairy.”

The Hoffmann family’s dairy roots can be traced back to founder David Hoffmann’s early childhood, spent on a dairy farm in Washington, Missouri. The family has extensive experience acquiring founder-led companies to provide them with the capital to fund growth and improvements. Most of the companies acquired by Hoffmann Family of Companies are still led by their founders, including second and third-generation family leaders.

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

Media Contact

Suzanne Jacob, CMO
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