OpenGate Capital to acquire Dean Foods facility
August 17, 2011
by Keith Nunes
WAUKESHA, WIS. — OpenGate Capital, a Los Angeles-based private equity firm, has entered into an agreement with Dean Foods, Dallas, to acquire the company’s dairy processing plant in Waukesha. Terms of the agreement were not disclosed.
In addition to the facility, OpenGate Capital will acquire the Golden Guernsey and La Vaca Bonita brands as part of the transaction. The facility processes dairy products for customers in Illinois, Michigan and Wisconsin.
In early 2010, the U.S. Department of Justice filed an antitrust lawsuit against Dean Foods challenging the company’s acquisition of the Waukesha facility and the Golden Guernsey brand from Foremost Farms Cooperative USA. In late March, Dean Foods settled with the D.O.J. and as part of the settlement agreement agreed to sell the Waukesha processing complex and the acquired brands.