Sale of Golden Guernsey Dairy could be imminent
WAUKESHA—The Golden Guernsey Dairy plant in Waukesha could soon have a new owner less than two months after it closed and filed for bankruptcy.
A creditor in the Chapter 7 bankruptcy, Accord Financial, says a bankruptcy trustee is apparently negotiating a sale of the plant and all of its equipment.
A private equity firm from Los Angeles, Calif., bought the plant in 2011 and shut down the company Jan. 5, resulting in the loss of more than 100 jobs. The dairy processor has been in the Milwaukee area for more than 80 years.
The Journal Sentinel says the plant is being run on a limited basis by a handful of employees to prepare for a sale.
Mar 1, 2013 at 1:57 p.m.
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Agree with 6824. Had the govt not stepped in to solve an antitrust problem that didn't exist, none of this would have happened. Way to go Van Hollen!!
Mar 1, 2013 at 1:35 p.m.
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And Dean Foods was forced to sell this plant to them. Leave it to government intervention to f things up.
Mar 1, 2013 at 12:05 p.m.
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"A private equity firm from Los Angeles, Calif., bought the plant in 2011 and shut down the company Jan. 5, resulting in the loss of more than 100 jobs. The dairy processor has been in the Milwaukee area for more than 80 years."
That says it all. They took all they could get out of it and closed it. What a bunch of crooks. They knew nothing about running a dairy. It was a way to steal money and put people out of work.
Mar 1, 2013 at 9:40 a.m.
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Ahhh, milk it for all it's worth baby.
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