![]() The holding company reversed itself 13 years later when it reacquired its child company. The food products division was spun off as Borden Food Corporation when Borden, Inc. Borden retained a small financial investment in the new company, known legally as Borden Chemicals & Plastics Operating Limited Partnership (BCPOLP) In 1987, Borden spun off some of its chemicals business in a public offering. The company owned the Danish company Cocio from 1976 to 1999. By 1968, Borden's international chemical and petroleum divisions had grown so large that Borden created the Borden Inc. By 1961, it was making 7 percent of all raw PVC in the United States. In the 1950s, Borden moved into the printing ink, fertilizer, and polyvinyl chloride (PVC) plastics business. Borden's Canadian operations slowly disappeared with Quebec operations to Agropur in 1976 and Ontario operations to Silverwood Dairy in 1980. The old City Dairy Stables on Spadina Crescent was renamed Borden Stables and now part of the University of Toronto. ![]() Borden's Canadian operational head office moved to Toronto in 1931 when it acquired City Dairy. Borden's fictitious spokesperson, Jane Ellison, was introduced in 1929.īorden milk products in Canada began with condensed milk in Quebec and East Coast with headquarters in Montreal. Borden and other dairy companies were investigated in 1938 for violations of the Sherman Antitrust Act, but the charges were dropped after Borden signed a consent decree in 1940. Two Borden factories in early XX century, (left): plant and workers in Michigan, 1908 (right): plant in Illinois, 1911īorden became a holding company in 1929, but its operations were reunified in 1936 and its subsidiaries became divisions. Borden dairy brands are currently used by Borden Dairy for milk and by Dairy Farmers of America for cheese. KKR shut Borden's food products operations in 2001 and divested all its other Borden operations in 2005. It was also known for its Elmer's and Krazy Glue brands.Īfter significant financial losses in the early 1990s and a leveraged buyout by private equity firm Kohlberg Kravis Roberts (KKR) in 1995, Borden divested itself of its various divisions, brands and businesses. By 1993, sales of food products accounted for 67 percent of its revenue. Its consumer products and industrial segment marketed wallpaper, adhesives, plastics and resins. It was best known for its Borden Ice Cream, Meadow Gold milk, Creamette pasta, and Borden Condensed Milk brands. 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. At one time, the company was the largest U.S. Morrison, chairmanĪnd CEO of Hexion.Borden, Inc., was an American producer of food and beverage products, consumer products, and industrial products. High-growth Asia-Pacific region," said Craig O. Opportunity to create a world-class company with leading-edge productsĪnd technologies, a greatly expanded global reach particularly in the "This transaction provides Hexion and Huntsman with a great To acquire Huntsman Corporation valued at approximately $10.6 billion. Hexion acquires Huntsman." Retrieved from MLA style: "Hexion acquires Huntsman." The Free Library.
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