Hoffmann | Hoffmann looks past wine, bids to buy Oberweis dairy out of bankruptcy

A family-owned investment firm founded by billionaire developer and Washington, Missouri, native David Hoffmann is aiming to buy Oberweis Dairy, the Illinois company that sells ice cream and milk — famously in glass bottles.

The familiar clear glass bottles of Oberweis milk will soon be replaced in grocery stores by amber-colored bottles, which will keep the refrigerator-case light from affecting the milk’s taste.

Osprey Capital, the investment arm of the Hoffmann Family of Companies, has entered discussions to acquire Oberweis and all of its assets, according to a late Tuesday press release.

Oberweis recently filed for bankruptcy.

The Florida-based Hoffmann business empire — now run by David Hoffmann’s sons, following his retirement — said in the release that it “understands there may be a stalking horse bidder for Oberweis,” but that the “Hoffmann family intends to make a competitive offer to buy the company and is confident they will deliver the highest bid.”

After rapidly acquiring properties around Augusta, Hoffmann then put many up for sale, raising concerns about the company and the commitment that the new generation of ownership has to the area.

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Topics |
Hoffmann, Oberweis Dairy

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