The Golden Guernsey dairy plant, which abruptly shut its doors after announcing bankruptcy, was sold at auction Tuesday to an Illinois company for $7.4 million, reported the Milwaukee Journal Sentinel.

Lifeway Foods Inc., of Morton Grove, IL., won the auction over Ohio company Superior Dairy LLC who had offered $5.5 million. The company closed in January and announced bankruptcy, leaving more than 100 employees wondering about their future.

Under court approval, the bankrupt Golden Guernsey Dairy LLC was operating the dairy processing facility to prepare for the sale. Related stories: