Bankruptcy

Borden Dairy Co. Files for Bankruptcy

On Sunday, Dallas-based Borden Dairy Co., at one point the world’s largest dairy producer, filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the District of Delaware.

Dairy Giant Dean Foods Files for Bankruptcy

The dairy producer announced today it will use the bankruptcy process to “protect and support” ongoing business operations and address debt and pension obligations. Dean Foods has secured $850 million in debtor-in-possession financing from existing lenders to support continued operations ahead of an eventual sale.