Darling Ingredients to buy Valley Proteins for over $1bn

Valley Proteins Inc., headquartered in Virginia, operates 18 cooking oil and processing facilities throughout the southern, southeastern, and mid-Atlantic regions of the United States.

Darling’s CEO, Randall Stuewe, said he expects the acquisition to be cumulative after the integration.

“In the evolving world of environmental, social, corporate governance and global decarbonization, Valley Proteins will supplement Darling’s global supply of wasted fats and grease. Darling’s new offering will now provide additional low-carbon feedstocks for renewable diesel and sustainable jet fuel production.”

The closing of the deal is subject to the usual closing conditions.

The CEO added that the companies will look to complete the acquisition.right on time. “

Value-added feed ingredients

Valley Proteins collects and recycles animal processing waste from the food industry to produce animal feed and pet food ingredients such as poultry blood, meat meal, feather meal, fixed feed and poultry fat, along with energy alternatives. The company employs 1,900 people and operates a fleet of 550 vehicles.

According to its website, it has grown into one of the largest application companies in the United States with annual sales of hundreds of millions of dollars. “On average, the company currently processes three million tons of raw materials and manufactures more than one million tons of value-added animal feed ingredients annually, which are marketed worldwide.

Darling Ingredients is also a producer of clean, renewable energy and collects waste streams from the agri-food industry, repurposing it into green bioenergy and specialty ingredients including animal proteins, meals, plasma and pet foods. It is also a 50% joint venture partner in Diamond Green Diesel (DGD), North America’s largest renewable diesel maker.

.

Leave a Reply

Your email address will not be published. Required fields are marked *