Borden Food Corporation

Borden Food Corporation was an American producer of food and beverages, non-food consumer products, and packaging. At one time, the company was the largest U.S. producer of dairy and pasta products. The company, based in Columbus, Ohio, focused primarily on pasta and pasta sauses, bakery products, snacks, processed cheese, jams and jellies, and ice cream. In 1993, sales of food products accounted for 67 percent of its revenues. It was best known for its Borden Ice Cream, Meadow Gold milk, Creamette pasta, and Borden Condensed Milk brands.
After significant financial losses in the early 1990s, Borden was purchased in a leveraged buy-out in 1995 by Kohlberg Kravis Roberts (KKR). KKR divested itself of the Borden Food brands and shuttered operations in 2001.
Founding and early years
The company was founded By Gail Borden, Jr., in 1857 in Connecticut as "Gail Borden, Jr., and Company." Its primary product was condensed milk. The company changed its name in 1858 to the New York Condensed Milk Company. The firm prospered during the Civil War by selling condensed milk to Union armies. Borden began selling processed milk to consumers in 1875, and pioneered the use of glass milk bottles in 1885.
In 1997, KKR focused Borden Food solely on its pasta and pasta sauces lines.
Borden, Inc. sold its final product line, It's Pasta Anytime, to Kraft Foods in 2001 and shuttered its operations.<ref name="Buchanan" />

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