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Another major dairy seeks bankruptcy protection in U.S.

Borden Dairy Co. filed for bankruptcy protection, the second major U.S. dairy to do so in as many months. Borden produces nearly 500 million gallons of milk each year for groceries, schools and others. It employs 3,300 people and runs 12 plants in the U.S.

American are increasingly drinking juice, soda and milk substitutes made from soy or nuts.

The amount of liquid milk consumed per capita in the U.S. has tumbled since 1975. Americans drank around 24 gallons a year in 1996, according to government data, dropping to 17 gallons in 2018.

Dean Foods, the nation’s largest milk producer, filed for bankruptcy protection in November. Like Dean, Borden says it will continue to operate during its restructuring.

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