In another sign of the tough environment for liquid milk, Borden Dairy Co. has filed for bankruptcy.
Borden, the second-largest American milk processor, said in its Jan. 6 Chapter 11 filing that it incurred $42.4 million in losses in 2019 and $14.6 million in 2018. The company says it intends to remain in business during the bankruptcy process but did not indicate what its long-term plans might be.
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