Bankruptcy judge OKs Hoffmann's $21.25M purchase of Midwest dairy

An Illinois bankruptcy judge has approved the sale of the Oberweis Dairy to The Hoffmann Family of Cos.’ investment arm, Osprey Capital.

The price for the Chicago-area dairy company was not immediately available in federal court records but according to Crain’s Chicago Business Hoffmann paid $21.25 million.

The court’s approval of the sale, which Hoffmann announced late Wednesday afternoon after winning a May 29 auction, hands one of the best-known dairy operations in the Midwest over to the Naples business conglomerate just shy of two months after Oberweis filed for bankruptcy protection.