Sale of Golden Guernsey Dairy could be imminent
The Golden Guernsey Dairy plant in Waukesha could soon have a new owner less than two months after it closed and filed for bankruptcy.By: The Associated Press, Superior Telegram
WAUKESHA, Wis. (AP) — The Golden Guernsey Dairy plant in Waukesha could soon have a new owner less than two months after it closed and filed for bankruptcy.
A creditor in the Chapter 7 bankruptcy, Accord Financial, says a bankruptcy trustee is apparently negotiating a sale of the plant and all of its equipment.
A private equity firm from Los Angeles, Calif., bought the plant in 2011 and shut down the company Jan. 5, resulting in the loss of more than 100 jobs. The dairy processor has been in the Milwaukee area for more than 80 years.
The Journal Sentinel says the plant is being run on a limited basis by a handful of employees to prepare for a sale.
A truckload of milk and cottage cheese from the Golden Guernsey Dairy plant was distributed for free in Superior on Jan. 23. Hunger Task Force in Milwaukee lobbied to send the milk statewide to those who could use it, and coordinated the shipping to a number of sites statewide, including Superior.
Information from: Milwaukee Journal Sentinel, http://www.jsonline.com.
Tags: business, news, food, wisconsin
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