WAUKESHA, Wis. — Golden Guernsey, the 83-year-old dairy processor that closed abruptly in southeastern Wisconsin and left area schools scrambling for milk, has filed for bankruptcy.
The Los Angeles private equity firm that bought Golden Guernsey in 2011, OpenGate Capital, said it sought Chapter 7 bankruptcy protection in Delaware bankruptcy court.
OpenGate CEO Andrew Nikou said in a statement late Tuesday that pressure to lower prices, as well as nonnegotiable operating expenses led to the decision to close the plant in Waukesha.
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