The co-op produced as much as 10 million gallons of ice cream annually in addition to milk, butter, cheese, and other products under its own label and a variety of other labels, and was the sole producer of Costco premium ice cream.

[2] Financial problems came to light after the abrupt resignation of 12-year veteran CEO Rich Ghilarducci on February 20, 2009.

[3] Bankruptcy was filed two months later, resulting in the sale of assets of the Humboldt Creamery at auction on August 27, 2009, to Foster Farms Dairy for $19.25 million.

[3] He was sentenced to 30 months in Federal prison and ordered to pay $7 million in restitution for a "single count of making false statements to an agricultural credit bank".

However, under order of the Santa Rosa bankruptcy court, a more recently acquired facility in Los Angeles and older property located in Loleta, California, were divided off for separate sale.