IRVING, Texas, Oct. 5, 2018 /PRNewswire/ -- Darling
Ingredients Inc. (NYSE: DAR) today announced that it has
acquired substantially all the assets of Triple - T Foods Arkansas,
Inc., including a wet pet food ingredient operation in Springdale, AR, along with a cold storage
operation in Rogers, AR. The
acquisition further expands Darling's premium protein business for
the growing pet food industry.
"Triple – T Foods is an excellent strategic fit with Darling's
growing specialty pet food ingredient portfolio," said Mr.
Randall C. Stuewe, Darling
Ingredients Chairman and CEO. "Triple – T has established a
long history of providing quality proteins into the high-end pet
food markets, and we look forward to building upon that reputation.
We expect this acquisition to be accretive immediately and to add
customer depth to our other wet pet food operations in Nebraska and Kentucky," concluded Mr. Stuewe.
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.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements regarding
Darling Ingredients' business opportunities and anticipated results
of operations. Please bear in mind that forward-looking information
is subject to many risks and uncertainties, and actual results may
differ materially from what is projected. Many of these risks and
uncertainties are described in Darling's annual report on Form 10-K
for the year ending December 30, 2017
and our other filings with the SEC. Forward-looking statements in
this press release are based on our current expectations and
beliefs and we do not take any duty to update any of the
forward-looking statements made in this press release or
otherwise.
For More
Information, contact:
|
|
Melissa A. Gaither,
VP Investor Relations
|
251 O'Connor Ridge
Blvd., Suite 300
|
& Global
Communications
|
Irving, Texas
75038
|
|
Phone:
972-717-0300
|
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SOURCE Darling Ingredients Inc.