Consumer-focused investment firm Capitol Peak Partners LLC and KKR & Co. won a bankruptcy auction for Borden Dairy Co., the milk producer known for its “spokes-cow” Elsie, people familiar with the matter said.
A joint venture between Capitol Peak and KKR was named the winning bidder after an auction to sell Borden’s assets out of bankruptcy, according to the people and to court documents. Capitol Peak is led by Gregg Engles, a former chairman and chief executive of Dean Foods Co., a longtime rival to Borden.
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June 16, 2020 at 01:42AM
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Capitol Peak Partners, KKR Win Bankruptcy Auction for Borden Dairy - Wall Street Journal
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