Breaking! Borden Dairy Becomes One Of The Latest & Largest American Milk Producers To File For Bankruptcy
Another one of America’s oldest milk producers, Borden Dairy, announced that it is filing for bankruptcy yet is still going to continue operating.
As previously reported by WAN, Dean Foods, the largest milk producer in the United States also filed for Chapter 11 bankruptcy last year. Dean Foods’ subsidiary companies include such recognizable brands as: DairyPure, Land O’Lakes, and Lehigh Valley Dairy Farms, among others.
Sadly, these companies represent traditional dairy producers and farmers who believe “normal” includes subjecting their cows to an unfathomable life filled with extreme cruelty, abuse, and both physical and emotional suffering and pain.
Both companies released statements trying to position the change as a positive move, while vaguely alluding to some of the new challenges that the industry is facing, such as the growing plant-based movement, and the decline of consumer milk consumption.
“We must achieve a more viable capital structure,” Borden CEO Tony Sarsam, said in a statement, which claimed that the company has begun the “voluntary” reorganization proceedings in the District of Delaware. “This reorganization will strengthen our position for future prosperity. Over the past 163 years, we have earned the distinction of being one of the most well-recognized and reputable national brands.”
Not anymore with the amount of undercover investigations throughout the United States exposing the suffering and truth behind the dairy industry.
Sarsam continued to defend Borden’s Bankruptcy claim, “We remain committed to ‘The Borden Difference,’ which is our promise to be the most service-oriented dairy company that puts people first. We will continue serving our customers, employees, and other stakeholders and operating business as usual throughout this process.”
Calling “The Borden Difference” a competitive advantage? Putting the declining number of people that consume dairy products “first” while ignoring a growing population of people worldwide who opt for a plant-based diet, hardly seems like a competitive advantage.
Stressing that it is “business as usual” at Borden, Sarsam noted that the company intends to work closely with creditors, customers, and employees to identify value-maximizing restructuring plans that will benefit all stakeholders.
Times have changed and so must “business as usual!”
While the companies have advised its customers “not to worry” and that they will continue to produce and supply milk as “normal,” the dairy industry should be worried with the growth, demand, and mainstream availability of plant-based dairy alternatives which are cruelty-free and made from the likes of soy, almonds, and oats.
Neither Borden Dairy or Dean Foods should be allowed to continue operating after they filed for bankruptcy.
There is a new normal, and it does not involve hurting and exploiting innocent animals.
You can help all animals and our planet by choosing compassion on your plate – and in your glass! #GoVeg