On Friday, April 12, 2024 Oberweis announced that it was filing for Chapter 11 reorganization. The intent of this filing was to seek debt relief while the company continues to operate in the ordinary course of business and pursue a sale of the business.

Today Oberweis is pleased to announce that it has received a stalking horse bid to purchase substantially all the operating assets of the company pursuant to section 363 of the bankruptcy code and subject to court approval. This stalking horse bid comes from Brian Boomsma, a local Illinois prominent business owner and successful entrepreneur. Brian's plan is to operate and grow the business.

Adam Kraber, President, stated, "We are thrilled to have a business leader like Brian Boomsma interested in investing in Oberweis and enabling the company to continue to move forward and prosper. We continue to be grateful to our loyal customers, vendors, and committed employees who have supported us through this process."

The company expects to complete the reorganization process and sale and emerge forward under new ownership in late June.

The Oberweis team continues to be optimistic about the future of the company and building on nearly 100 years of providing the highest quality dairy products and service to our customers.

At Oberweis, we, like many companies, have been forced to make some very difficult decisions related to the structure of our company. These difficult decisions are always made with full consideration of other options and with an eye towards the best future of our company.

On Friday, April 12, 2024, the Oberweis company filed a Chapter 11 reorganization. The intent of this filing is to seek debt relief while the company continues to operate in the ordinary course of business as a sale is pursued. Detailed filing documents are now available to the public.

As part of this filing process, it was a necessary legal step to issue a WARN notice to employees in the North Aurora location. The intention is to complete the sale of the company through this court-approved process as swiftly as possible.

In 2024, Adam Kraber was elevated to the President's role to assist with the sale of the Company and related assets and, along with the leadership team and financial advisors, will oversee these legal processes.

During this time, we remain committed to continuing to provide our customers with the highest quality, delicious milk and ice cream, along with world class service that our customers have come to expect.