IRVING,
Texas, May 2, 2022 /PRNewswire/ -- Darling
Ingredients Inc. (NYSE: DAR), the world's leading company
turning food waste into sustainable products and producer of
renewable energy, today announced it has completed the acquisition
of Valley Proteins, one of the largest independent rendering
companies in the United
States.
The company first announced the acquisition in December 2021 for a purchase price of
$1.1 billion, plus or minus various
closing adjustments. As part of the transaction, Darling
Ingredients has acquired 18 major rendering plants and used cooking
oil facilities throughout the southern, southeast and mid-Atlantic
regions of the U.S.
"We are excited to welcome Valley Proteins to the Darling
Ingredients family," said Randall C.
Stuewe, Chairman and Chief Executive Officer. "Valley
Proteins has built a successful rendering and used cooking oil
business that immediately strengthens our base business and expands
our ability to provide additional low carbon intensity feedstocks
to fuel the growing demand for renewable diesel."
About Darling
Darling Ingredients Inc. (NYSE: DAR) is the largest publicly
traded company turning food waste into sustainable products and a
leading producer of renewable energy. Recognized as a
sustainability leader, the company operates 250 plants in 17
countries and repurposes nearly 10% of the world's meat industry
waste streams into value-added products, such as green energy,
renewable diesel, collagen, fertilizer, animal proteins and meals
and pet food ingredients. To learn more, visit darlingii.com.
Follow us on LinkedIn.
Contact:
|
Suann
Guthrie
|
|
VP, Investor Relations,
Sustainability & Communications
|
|
(469) 214-8202;
suann.guthrie@darlingii.com
|
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SOURCE Darling Ingredients Inc.