AURORA, ILL. – Milk and ice cream manufacturer Oberweis Dairy filed for Chapter 11 bankruptcy protection on April 12, per media reports.

The Chicago Tribune reported that the family-owned company’s filing showed that it owes more than $4 million to 20 creditors. 

The suburban Chicago-based company was established close to a century ago when its founder, Peter Oberweis, purchased and re-named Big Woods Dairy in 1929.

Oberweis Dairy now owns numerous ice cream and dairy stores around the Midwest. Its dairy products are also sold by various grocery store retailers.