The company will continue operating as normal as it works toward achieving a more viable capital structure and stresses ‘The Borden Difference’ as a competitive advantage.
January 6, 2020
Borden Dairy said that it and certain affiliates initiated voluntary reorganization proceedings in the District of Delaware under Chapter 11 of the Bankruptcy Code.
On Nov. 12, Dean Foods Co. said it and substantially all of its subsidiaries initiated voluntary Chapter 11 reorganization proceedings in the Southern District of Texas. Dairy industry groups, including the Washington, D.C.-based International Dairy Foods Association (IDFA) and Dairy Management Inc. (DMI), Rosemont, Ill., issued statements the same day in reaction to the news.
The company secured commitments for $850 million in debtor-in-possession funding; is in advanced discussions with Dairy Farmers of America regarding a potential sales.
November 12, 2019
Dean Foods Co. said it and substantially all of its subsidiaries initiated voluntary Chapter 11 reorganization proceedings in the Southern District of Texas.
Friendly Ice Cream Corporation announced today that the Company has successfully emerged from its voluntary Chapter 11 by consummating the sale of its business to Friendly's Ice Cream, LLC and its subsidiaries.