OpenGate Capital to acquire Waukesha plant from Dean Foods

Rebecca Prescott15 Aug 2011

OpenGate Capital, a global private equity firm, has signed a definitive agreement to acquire the Waukesha plant and related assets from Dean Foods.

OpenGate will acquire the Golden Guernsey and La Vaca Bonita brands as part of the transaction.

The business manufactures, bottles and distributes its dairy products to schools, grocery stores, convenience stores and major retailers in the US. The deal is subject to regulatory approval and is expected to close in the third quarter.

Michael Kraus, who led the transaction for OpenGate, said: "We are eager to collaborate with the existing Waukesha management team to expand the business and develop new product offerings. OpenGate is proud to carry on the facility's long-time tradition and steadfast reputation for providing the region with exceptional dairy products and service."

Source: OpenGate Capital