Irving, Texas – Darling Ingredients, Inc. announced December 28 that it has entered into an agreement with Valley Proteins to acquire all of the company’s stock for approximately $1.1 billion. The amount will be paid in cash.
Valley Proteins operates 18 offerings and uses cooking oil plants throughout the United States. The company employs 1,900 people and operates a fleet of 550 vehicles.
“We are thrilled to add Valley Proteins to our global ingredient portfolio and expect this acquisition to be after cumulative integration,” said Randall C. Stowe, Chairman and CEO of Darling Ingredients. Valley Proteins will supplement Darling’s global supply of spent fats and grease, and the new supply will now provide Darling with additional low-carbon feedstocks to produce renewable diesel and sustainable jet fuel.
“Valley Proteins has a rich history of more than 70 years providing essential services to the meat processing industry and restaurant locations, and our teams will work hard to complete this acquisition in a timely manner,” added Stowe.
The agreement is subject to closing conditions.
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