Borden Is The Latest U.S. Dairy Producer To File For Bankruptcy

Borden, the second major milk producer, filed for bankruptcy due to debt and pension obligations, following Dean Foods. The decline in cow milk consumption, as consumers prefer dairy-free options, has impacted the industry. Borden reported significant financial losses despite sales over a billion dollars. CEO Tony Sarsam highlighted challenges like rising raw milk costs. Borden plans to continue operations while reorganizing through the courts.

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