Borden Dairy becomes second major milk producer to file for bankruptcy in two months
Facing heavy debt and industry headwinds, 163-year-old firm joins Dean Foods in Chapter 11 protection
The industry head winds go on from there. Milk producers are up against a decline in cereal sales as consumers shift toward breakfast options with more protein and less sugar. Walmart, the nation’s largest retailer, has started processing some of its own milk, cleaving sales from legacy brands like Borden and Dean, which have had to keep prices low to stay competitive. Americans are even milking goats as never before.
https://www.washingtonpost.com/busi...id-debt-load-headwinds-facing-milk-producers/
Facing heavy debt and industry headwinds, 163-year-old firm joins Dean Foods in Chapter 11 protection
The industry head winds go on from there. Milk producers are up against a decline in cereal sales as consumers shift toward breakfast options with more protein and less sugar. Walmart, the nation’s largest retailer, has started processing some of its own milk, cleaving sales from legacy brands like Borden and Dean, which have had to keep prices low to stay competitive. Americans are even milking goats as never before.
https://www.washingtonpost.com/busi...id-debt-load-headwinds-facing-milk-producers/
