Darling Ingredients (DAR) Purchasing Valley Proteins for Approximately $1.1 Billion

Darling Ingredients Inc. (DAR)—a company that develops and produces natural ingredients from collected and reused waste streams from the agri-food industry—recently said in a press release that it has entered into a definitive agreement to acquire Valley Proteins, Inc. In an all-cash deal.

As of 09:44 AM ET, DAR stock is up 2.51%.

Acquisition of Valley Proteins

Darling Ingredients will purchase all shares of Valley Proteins for approximately $1.1 billion in cash. Valley Proteins currently operates “18 major supply and cooking oil facilities used throughout the southern, southeastern, and mid-Atlantic regions of the United States” and employs a workforce of 1,900. The company also operates a fleet of 550 vehicles.

CEO Comments

In the evolving world of ESG [environmental, social and governance standards] And decarbonizing globally, Valley Proteins will supplement Darling’s global supply of waste fat and grease,” explained Darling Ingredients CEO Randall C. Stewie. “The new supply will now provide Darling with additional low-carbon feedstocks to produce renewable diesel and sustainable jet fuel.”

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Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel and fertilizer industries. It collects and converts all aspects of animal by-product streams into ingredients, including gelatin, fats, proteins, pet food ingredients, fertilizers and other specialty products. The company also recovers and converts cooking oil and baked goods into feed and fuel ingredients. Darling has three main business segments: feed ingredients (the majority of revenue), food ingredients, and fuel ingredients. It provides grease trap services to food companies and sells various equipment for collecting and delivering cooking oil. The company derives the majority of its revenue from customers in North America.

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