The undisclosed offer from the Hoffmann Family of Companies through its investment arm, Osprey Capital, bested Brian Boomsma, owner of Chicago-based Dutch Farms, who made a $20 million stalking hor…
Amber glass bottles of milk roll through the bottling assembly line at the Oberweis Dairy facility in North Aurora, on March 1, 2017. Oberweis Dairy changed their glass milk bottles displayed in grocery stores to amber glass. They believe that the amber glass will preserve the taste of the milk.
Hoffmann’s real estate arm has over $1 billion in retail, commercial, industrial and residential properties including more than two dozen North Shore buildings and the 85th floor penthouse at Trump Tower in Chicago. Started in 1915 by Peter Oberweis, an Aurora dairy farmer who peddled milk from a single horse-drawn wagon, the company has grown into a multistate enterprise with 40 ice cream stores in Chicago, Indiana, Michigan and St. Louis, widespread grocery distribution and home delivery service.
That same day, Hoffmann announced its intention to make a competitive bid for Oberweis, following through one month later on Friday, a court-imposed deadline. The two bidders participated in an auction Wednesday morning in a Chicago law office, with Hoffman emerging victorious, pending court approval.
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