Darling Ingredients Inc. Completes Acquisition of Valley Proteins

Rhea-AI Summary

On May 2, 2022, Darling Ingredients Inc. (NYSE: DAR) announced the successful completion of its $1.1 billion acquisition of Valley Proteins, enhancing its position in the sustainable products sector. This acquisition includes 18 rendering plants across the U.S., strengthening Darling's operations and expanding its capacity to supply low carbon intensity feedstocks for renewable diesel. CEO Randall C. Stuewe expressed excitement about the benefits this integration brings to Darling's core business and the growing demand for renewable energy.

Positive

• Acquisition of Valley Proteins enhances operational capacity and market reach.
• Strengthens supply chain for low carbon intensity feedstocks.
• Increases Darling's footprint with 18 rendering plants across the U.S.

Negative

• None.

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.

FAQ

What was the purchase price for Darling Ingredients' acquisition of Valley Proteins?

Darling Ingredients acquired Valley Proteins for $1.1 billion.

How many facilities did Darling Ingredients acquire from Valley Proteins?

Darling acquired 18 major rendering plants and used cooking oil facilities.

When was the initial announcement of the acquisition made?

The acquisition was first announced in December 2021.

What strategic advantage does this acquisition provide for Darling Ingredients?

The acquisition strengthens Darling's core business and expands its ability to supply renewable diesel feedstocks.

What regions do the acquired Valley Proteins facilities cover?

The facilities are located throughout the southern, southeast, and mid-Atlantic regions of the U.S.