Farms.com Home   News

Ohio Company Offers $5.5 Million for Golden Guernsey Dairy Plant

Offer to Buy Bankrupted Golden Guernsey Dairy on the Table

By , Farms.com

There is an offer of $5.5 million on the table to buy the Golden Guernsey Dairy plant in Waukesha, Wisconsin. The offer was made by a parent company of an Ohio dairy processor.

Court filings show that LEL Operating Co. has not only made an offer to buy the plant, but has also put down a $500,000 deposit. These findings were filed in the U.S. Bankruptcy Court in Delaware.

The plant has been closed for two months, which resulted in a loss of more than 100 jobs. The dairy processor has been in the area for more than 80 years.

The deal is still subject to go through the bidding process – to date, no hearing has been set.


Trending Video

Crop Assessment Tour featuring Justin Geiser

Video: Crop Assessment Tour featuring Justin Geiser

Great Lakes Grain's early take on how our crops are doing before their annual Crop Assessment Tour in the fall. Noah spent some time in the field with Crop Specialist, Justin Geiser of FS PARTNERS, Delhi branch. On May 31, they were in Norwich.
 

Comments


Your email address will not be published