No. 1 Milk Company Declares Bankruptcy Amid Drop in Demand

Dean Foods, America’s biggest milk processor, has filed for bankruptcy amid a decades-long drop-off in U.S. milk consumption blamed on changing trends and a growing variety of alternatives.

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Dean Foods, America’s biggest milk processor, has filed for bankruptcy amid a decades-long drop-off in U.S. milk consumption blamed on changing trends and a growing variety of alternatives. The Dallas company said it may sell itself to the Dairy Farmers of America, a marketing cooperative owned by thousands of farmers. “Despite our best efforts to make our business more agile and cost-efficient, we continue to be impacted by a challenging operating environment marked by continuing…

Read at AP News