WAUKESHA (WITI) — Lifeway Foods placed the winning bid for the bankrupt Waukesha Golden Guernsey dairy plant. The winning bid was more than $7.3 million in a competitive auction on Tuesday, May 14th. A hearing to approve the sale is scheduled for June 10th.
“The bidding was very active and spirited, as we say,” bankruptcy trustee Charles Stanziale told The Business Journal late Tuesday afternoon.
Stanziale had focused on achieving a “turnkey” sale of the plant by finding a suitor that would operate it. He said Lifeway officials appeared to have interest in reaching out to former employees and want to “bring the place back to life.”