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
- If you enjoyed this article, you may also like this: Dean Foods seeks buyer for Waukesha plant
- Royal Crown Cola International celebrates with Sial Paris 2014
- PepsiCo introduces new energy drink in Jordan
- PepsiCo opens food and beverage innovation centre in DuBiotech, Dubai