Borden Dairy, 1 of the oldest milk processors in the U.S., filed for bankruptcy on Monday, making it the 2nd large milk seller in nearly 2 months by rachsandl
Borden produces nearly 500 million gallons of milk each year for groceries, schools and others. It: Borden Dairy, one of the oldest milk processors in the U.S., filed for bankruptcy on Monday, making it the second large milk seller in nearly two months to restructure amid rising raw milk costs and lackluster consumer demand.
Borden Dairy said in a statement that it filed for Chapter 11 bankruptcy protection because its debt levels are unsustainable and the company has been impacted by the “rising cost of raw milk and market challenges facing the dairy industry.”The Dallas-based company has 3,300 employees.bankruptcy in November over similar trends in the dairy industry.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Borden Dairy Is The Second Milk Seller To Declare Bankruptcy In Nearly Two MonthsAmericans are drinking less milk—and the industry is reeling.
Read more »
Borden Dairy Files for BankruptcyBorden Dairy, a 163-year-old milk producer known for its spokes-cow Elsie, has filed for bankruptcy with plans to erase millions of dollars in debt from its books, becoming the second major player in the industry to seek protection from creditors in two months.
Read more »
Borden Dairy files for bankruptcy protectionBorden is the second giant U.S. dairy company to seek bankruptcy protection as raw milk prices and sales of milk alternatives continue to soar.
Read more »
As milk consumption falls, Borden Dairy Co. files for bankruptcy protectionBorden Dairy Co. filed for bankruptcy protection, the second major U.S. dairy to do so in two months.
Read more »
Australian fires hit key dairy regions, adding to woes from droughtBushfires across Australia's east coast are set to pile on more pain for th...
Read more »