Private Investment Firm Acquires Leading Local Milk-products Brand Golden Guernsey
Los Angeles, CA, and Paris, FRANCE – September 12, 2011 – OpenGate Capital, a global private investment firm, has completed its acquisition of a Waukesha, WI-based dairy processing plant and related assets from Dean Foods Company (NYSE: DF). OpenGate has acquired the Golden Guernsey® brand, a widely recognized dairy brand with the region’s consumers, schools and retailers, as part of the transaction. As of the closing, the business is now operating as Golden Guernsey Dairy, LLC.
“OpenGate has acquired a solid platform for growth with our new dairy processing plant and its associated brands,” said Andrew Nikou, OpenGate Capital Founder and Managing Partner. “We look forward to working with Golden Guernsey plant management to accelerate its expansion opportunities and uphold its high standards for quality and excellence in milk products.”
The deal, which received regulatory approval, is OpenGate’s fifth acquisition in the last 12 months.