Darling Ingredients Inc. (NYSE: DAR), an IrvingTX-based company, transforming food waste into sustainable goods and producing renewable energy. toPurchase Fasa Group, Brazilian independent rendering company.
TheAmount of deal to approximately R$2.8 billion Brazilian Real in cash ($560m USD at today’s exchange rate), subject toPost-closing adjustments and contingent payments based on future earnings growth TheTransactions are subject to toClosing conditions are expected to be as per customary. toNear the end of 2022.
Fasa GroupThe company employs approximately 2,400 people and processes more than 1.3 Million metric tons annually through 14 rendering facilities.
TheCompany will supplement Darling Ingredient’s global supply of waste fats, making it a leader in the supply of low carbon waste fatsAnd oils in North and South America tocan be used to make renewable diesel.
LedBy Randall C. Stuewe, ChairmanAnd Chief Executive Officer, Darling IngredientsA large publicly traded company that transforms food waste into sustainable products and produces renewable energy. The company operates 250 plants in 17 countries and repurposes nearly 10% of the world’s meat industry waste streams into value-added products, such as green energy, renewable diesel, collagen, fertilizer, animal proteins and meals and pet food ingredients.