Darling Ingredients to Acquire Valley Proteins

Irving, TexasAnd December 28, 2021 /PRNewswire/ – Darling Ingredients Inc. (NYSE: DAR) today has entered into a definitive agreement to acquire all of the shares of Valley Proteins, Inc. versus about $1.1 billion cash Money. Valley Proteins operates 18 major supply and uses cooking oil facilities throughout the South, Southeast and Mid-Atlantic regions of the US Valley, employs 1,900 employees and operates a fleet of 550 vehicles.

“We are pleased to add Valley Proteins to our global family of ingredients and expect this acquisition to be cumulative following integration. In the evolving world of ESG and global decarbonization, Valley Proteins will supplement Darling’s global supply of lost fats and lipids. The new offering will now provide Darling with additional low-carbon feedstock to produce Renewable diesel and sustainable aviation fuel Randall C. Stowe, Chairman and CEO of Darling Ingredients. “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 closing of the deal is subject to the usual closing conditions, including the expiration of the Hart-Scott-Rodino waiting period.

About Darling
Darling Ingredients, Inc. (NYSE: DAR) is a global leader in organic ingredients, producing a wide range of sustainable protein and fat products while being one of the largest producers of clean, renewable energy. With operations on five continents, Darling collects waste streams from the agri-food industry, and reuses them in specialty ingredients, such as hydrolyzed collagen, edible and feed fats, animal proteins and meals, plasma, pet food ingredients, fuel feedstocks, and green. Bioenergy. Darling Ingredients has chosen one of the 50 Sustainability and Climate Pioneers in 2021 to learn more Loveable Ingredients: The Greenest Company on the Planet – 50 Sustainability and Climate Leaders (50climateleaders.com). The company sells its ingredients worldwide and works to advance our promise of a better tomorrow, creating product applications for health, nutrients and bioenergy while improving our services to the food chain. Darling is a joint venture partner with a 50% stake in Diamond Green Diesel (DGD), North Amarica The largest manufacturer of renewable diesel, which reduces greenhouse gas (GHG) emissions by up to 85% compared to fossil fuels. For additional information, visit the company’s website at http://www.darlingii.com.

Safe Harbor Statement
Some of the statements in this press release are forward-looking statements. These forward-looking statements are based on our current expectations and expectations about future events and generally relate to our plans, objectives and expectations for the development of our business. Although management believes that the plans and objectives reflected or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may differ materially from the plans, objectives and expectations expressed in this press release.

For more information please contact:
MelissaVice President of Global Communications and Sustainability
[email protected]
972-281-4478

Source: Darling Ingredients Inc.

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