83-year-old Wis. dairy firm files for bankruptcy

Wisconsin-based milk-bottling company Golden Guernsey has filed for bankruptcy. "We have to make realistic decisions about our investments, and the reality is that the Golden Guernsey business was unable to achieve financial autonomy given the pressure to lower prices and seemingly nonnegotiable operating expenses," said Andrew Nikou, the CEO of OpenGate, the private-equity firm that owns the company.

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