IRVING, Texas, May 21, 2018 /PRNewswire/ -- Darling
Ingredients Inc. (NYSE: DAR) (the "Company") today announced the
sale of its Terra Renewal Services (TRS) industrial residuals
business to American Residuals Group, LLC. Terra Renewal Services
is a provider of environmental services focused on the collection,
hauling, and disposal of non-hazardous, liquid and semi-solid waste
streams from the food processing industry. The transaction price is
approximately $80 million in
cash.
Darling Ingredients Chairman and Chief Executive Officer,
Randall C. Stuewe said, "From time
to time we evaluate the strategic fit of all our businesses.
While TRS was a consistent performing business for us, we
made a decision to sell the business allowing for greater focus and
attention to our world of growth strategy."
About Darling
Darling Ingredients Inc. is a global developer and producer of
sustainable natural ingredients from edible and inedible
bio-nutrients, creating a wide range of ingredients and customized
specialty solutions for customers in the pharmaceutical,
nutraceutical, food, pet food, feed, industrial, fuel, bioenergy
and fertilizer industries. With operations on five
continents, the Company collects and transforms all aspects of
animal by-product streams into useable and specialty ingredients,
such as gelatin, edible fats, feed-grade fats, animal proteins and
meals, plasma, pet food ingredients, organic fertilizers, yellow
grease, fuel feedstocks, green energy, natural casings and
hides. The Company also recovers and converts recycled oils
(used cooking oil and animal fats) into valuable feed and fuel
ingredients, and collects and processes residual bakery products
into feed ingredients. In addition, the Company provides
environmental services, such as grease trap collection and disposal
services to food service establishments and disposal services for
waste solids from the wastewater treatment systems of industrial
food processing plants. The Company sells its products domestically
and internationally and operates within three industry segments:
Feed Ingredients, Food Ingredients and Fuel Ingredients. For
additional information, visit the Company's website at
http://www.darlingii.com.
For More
Information, contact:
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|
Melissa A. Gaither,
V.P. Investor Relations and Global Communications
|
Email:
mgaither@darlingii.com
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251 O'Connor Ridge
Blvd., Suite 300
|
Phone:
972-717-0300
|
Irving, Texas
75038
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SOURCE Darling Ingredients Inc.