Borden Dairy Company<br />Files for Bankruptcy.<br />The company is the second major milk producer <br />to file for bankruptcy in the past two months.<br />Borden filed due to its <br />inability to afford its <br />pension obligation <br />and debt load.<br />Despite our numerous achievements during the past 18 months, the company continues to be impacted by the rising cost of raw milk and market challenges facing the dairy industry. , Borden Dairy Co. CEO Tony Sarsam.<br />The milk industry as a whole has <br />taken a hit with a 6% drop in <br />overall milk consumption since 2015.<br />America’s largest milk producer, Dean Foods, <br />filed for bankruptcy last November
