Borden Dairy files for bankruptcy reorganization

Borden Dairy files for bankruptcy reorganization

Keith Homan | Bigstock.com

Company says it will continue operating as normal as it works toward a more viable capital structure

In an announcement on its website, the company said it would “continue operating as normal as it works toward achieving a more viable capital structure.” Borden said it will use the restructuring process to reduce its debt load, maximize value and position the company for long-term success.