Source: USA Today 

Borden Dairy Co., one of the largest and oldest dairy producers in the U.S.,filed for Chapter 11 Bankruptcy after more than 160 years in business.

The Dallas-based company’s decision makes it the second diary producer to file for bankruptcy in recent months. In November, Dean Foods, Inc., announced its voluntary reorganization after struggling to address debt and meet consumer demands.  The company also announced its plans to sell the company.