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Darling Ingredients Inc. (NYSE: DAR) is a global leader in transforming both edible and inedible fats and proteins into a wide range of sustainable products. With over 130 years of expertise, the company serves various industries including pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer. Headquartered in Irving, TX, Darling Ingredients operates a vast international network of more than 260 facilities spread across 17 countries, employing over 10,000 people dedicated to creating sustainable solutions for a growing global population.
The company’s core operations focus on collecting and transforming animal by-products into valuable ingredients such as gelatin, fats, proteins, fertilizers, and pet food ingredients. Additionally, Darling Ingredients recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. The company operates three primary business segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients, with the majority of its revenue generated from customers in North America.
Among its notable achievements, Darling Ingredients is also a major player in the renewable energy sector through its joint venture, Diamond Green Diesel (DGD), which produces renewable diesel. In the third quarter of 2023 alone, DGD sold 266.8 million gallons of renewable diesel. For the fiscal year 2023, the company reported net sales of $6.8 billion and net income of $647.7 million.
Recent innovations include the granting of U.S. Patent No. 11795489B2 to its health brand Rousselot for StabiCaps™, a specialized gelatin that enhances the stability and release of active ingredients in soft gel capsules. This patent secures Rousselot’s intellectual property rights, further solidifying Darling Ingredients’ position as a leader in sustainable and innovative solutions.
As a publicly traded company on the NYSE, Darling Ingredients continues to demonstrate strong financial performance despite market volatility. The company actively engages in sustainable practices, repurposing approximately 15% of the world’s meat industry waste streams into value-added products. Looking forward, Darling Ingredients remains optimistic about its future, bolstered by a vertically integrated business model and a commitment to sustainability.
Darling Ingredients Inc. (NYSE: DAR) has announced its acquisition of Valley Proteins, Inc. for approximately $1.1 billion in cash. Valley Proteins operates 18 rendering and used cooking oil facilities in various U.S. regions and employs around 1,900 staff. The acquisition aims to enhance Darling's supply of waste fats and greases, boosting its production capabilities for renewable diesel and sustainable aviation fuel. The transaction is subject to customary closing conditions, including regulatory approvals.
Howard Energy Partners has successfully closed a series of strategic financing transactions, including a $400 million offering of 6.75% senior unsecured notes due 2027 and an extension of its $1 billion revolving credit facility. These transactions provide the company with over $600 million in available liquidity, aiding in the development of a renewable diesel logistics facility in Port Arthur, Texas. The facility, backed by a partnership with Valero Energy and Darling Ingredients, is expected to be operational by Q4 2022.
On December 16, 2021, Dr. Eric S. Lander, President Biden's Science Advisor, visited Darling Ingredients' renewable diesel facility, Diamond Green Diesel (DGD), in Norco, Louisiana. The tour highlighted the process of converting fats into renewable diesel and the facility's role in sustainable energy. Dr. Lander observed the recent expansion of DGD, which increased capacity to 690 million gallons, with plans for further expansion in Port Arthur, Texas, set for 2023, aiming to reach nearly 1.2 billion gallons annually. Darling is a leader in sustainable ingredients and renewable energy.
Darling Ingredients Inc. (NYSE: DAR) has announced that Jim Stark, VP of Investor Relations, is leaving the company for another opportunity. The company expressed appreciation for his contributions. In the interim, Melissa Gaither, VP of Global Communications & Sustainability, will take over the investor relations role. Darling Ingredients is a leading producer of organic ingredients and renewable clean energy, operating globally and focusing on sustainable practices.
Darling Ingredients Inc. (NYSE: DAR) has successfully amended and extended its Senior Secured Credit Facility, now set to mature on December 9, 2026. The amendment increases the borrowing capacity to $1.9 billion, which includes a $400 million delayed draw term loan. This strategic move supports Darling's growth initiatives in sustainable, low-carbon feedstocks. The company highlights strong relationships with its banking partners as a crucial factor in this success.
Darling Ingredients' health brand, Rousselot, has received a patent for its SiMoGel™ solution from the European Patent Office. This gelatin-based solution is designed for producing nutraceutical gummies using a starch-free method, enhancing hygiene and production efficiency. SiMoGel enables innovative product development, including center-filled gummies that combine soft gels and gummies. The nutraceutical gummy market is rapidly expanding, with a CAGR of 37.3% from 2016 to 2020. The patent strengthens Darling's portfolio and presents opportunities in the growing market.
Darling Ingredients Inc. (NYSE: DAR) announced its participation in the Stephens Annual Investment Conference on December 2, 2021. The company's Chairman and CEO, Randall C. Stuewe, will present a fireside chat at 11:00 a.m. ET, which will be available via webcast on their website.
Darling Ingredients is a leading producer of organic ingredients and renewable energy, leveraging waste from the agri-food industry into sustainable products. The company has operations across five continents and has been recognized as one of the 50 Sustainability and Climate Leaders in 2021.
Darling Ingredients' health brand, Rousselot, extends its partnership with Papendal, the Olympic Training Center in the Netherlands, to provide athletes with Peptan collagen peptides ahead of the Paris 2024 Olympics. This collaboration, which began in 2015, aims to support elite athletes' recovery and performance through innovative nutrition. Rousselot will supply its collagen solutions while partnering with Papendal's nutritionists to enhance athletes' understanding of sports nutrition. The sports nutrition market is anticipated to grow significantly, with an increasing interest in bioactive collagen solutions.
Darling Ingredients Inc. (NYSE: DAR) has been recognized by the Women's Forum of New York for achieving 40% female representation on its board of directors, marking the third consecutive year of this honor. The accolade was presented at the sixth biennial "Breakfast of Corporate Champions" event, celebrating companies with at least 35% female board representation. This recognition underscores the company’s commitment to promoting gender equity and diversity in leadership roles within its corporate structure.
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