Borden Inc. said its profit rose 16.8%...
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Borden Inc. said its profit rose 16.8% to $311.9 million in 1988 on an 11% gain in revenue to $7.2 billion. The New York-based food producer said the gains came despite drought-related costs that severely affected the company’s dairy products earnings. The company attributed the gains to “internal business growth spurred by the benefits of acquisitions,” including the purchase a year ago of Prince Co., which makes pasta products.
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