OpenGate Capital Completes Dean Foods Deal

Buyout shop OpenGate Capital has completed its purchase of the Waukesha, WI-based dairy processing plant and related assets from publicly traded Dean Foods Co. OpenGate acquired the “Golden Guernsey” and “La Vaca Bonita” brands as part of the transaction. Terms of the deal were not released. OpenGate Capital is based in Los Angeles, Calif.

PRESS RELEASE
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(R) 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.

About OpenGate Capital

OpenGate Capital is a global private equity firm focused on acquiring controlling interests in businesses with solid fundamentals that exhibit opportunities for growth and operational improvements. Established in 2005, OpenGate Capital has a global footprint with headquarters in Los Angeles, California and a principal office in Paris, France. OpenGate is served by a seasoned team of M&A and operating professionals who bring the skills needed to acquire, operate and build successful companies. The partners of OpenGate have executed more than 100 transactions worldwide ranging from corporate divestitures, turnaround acquisitions, industry consolidations and other special situations investments across a wide array of industries and geographic markets.