Public | |
Industry | Food, glue |
Fate | Shuttered; operations sold |
Founded | 1857 |
Defunct | 2001 |
Headquarters | Columbus, Ohio, United States |
Products | private label grocery products |
Parent | Kohlberg Kravis Roberts |
Borden, Inc., was an American producer of food and beverage products, consumer products, and industrial products. At one time, the company was the largest U.S. producer of dairy and pasta products. Its food division, Borden Foods, was based in Columbus, Ohio, and focused primarily on pasta and pasta sauces, bakery products, snacks, processed cheese, jams and jellies, and ice cream. It was best known for its Borden Ice Cream, Meadow Gold milk, Creamette pasta, and Borden Condensed Milk brands. Its consumer products and industrial segment marketed wallpaper, adhesives, plastics and resins. By 1993, sales of food products accounted for 67 percent of its revenues. It was also known for its Elmer's Glue and Krazy Glue.
After significant financial losses in the early 1990s and a leveraged buyout by KKR in 1995, Borden divested itself of its various divisions, brands and businesses. KKR shuttered Borden's food products operations in 2001, and divested all its other Borden operations in 2005. Borden dairy brands are currently used by both Dean Foods and Grupo Lala (as Borden Milk Products) for milk and by Dairy Farmers of America for cheese. As of Jan 2015, Grupo LALA (of Durango, Mexico) is the new owner of all Borden trademarks in the US.