Century-Old Oberweis Dairy Files for Bankruptcy After Pandemic Sales Drop and Failed Expansion

Oberweis Dairy, a century-old family-owned dairy business, has filed for Chapter 11 bankruptcy after failing to find a buyer
The company owes over $4 million to creditors and $14 million in bank loans
Oberweis tried but struggled to expand into Asian markets, organic milk, new packaging that customers disliked
The pandemic initially boosted home delivery revenue, but sales dropped after 2020 leading to operating losses
Jim Oberweis, former chairman, unsuccessfully ran as a Republican candidate for various political offices in Illinois over the past 20 years