Investment firm ACON completes equity recapitalization of Borden Dairy Co.
Borden operates 13 facilities across the United States with more than 500 million gallons of annual milk processing capacity.
Press release by ACON Investments, L.L.C.
WASHINGTON, July 10, 2017 /PRNewswire/ -- ACON Investments, L.L.C. and its affiliates ("ACON") announced today that it has completed an equity recapitalization of Borden Dairy Company ("Borden" or the "Company"), one of the leading fresh fluid dairy processors in the United States. In 2013, Borden was spun-off from a multinational conglomerate into a private company called Laguna Dairy, S.A. de C.V., ("Laguna Dairy"). Following the equity recapitalization, Laguna Dairy remains a substantial equity holder in Borden. Headquartered in Dallas, Texas, Borden operates 13 facilities across the United States with more than 500 million gallons of annual milk processing capacity.