Announced
Financials
Tags
Pending
Acquisition
Friendly
rendering
Cross Border
Single Bidder
Private
Food Products
Majority
Brazil
Synopsis
Darling Ingredient, a publicly traded company turning food waste into sustainable products and a producer of renewable energy, agreed to acquire FASA Group, an independent rendering company, for $563m. "Brazil is a leader in global agricultural commodities growth and is expected to take on a bigger role in world's meat production, making it a premier location for rendering growth. FASA will also supplement Darling Ingredient's global supply of waste fats, making it a leader in the supply of low carbon waste fats and oils in North and South America to be used in the production of renewable diesel," Randall C. Stuewe, Darling Ingredients Chairman and Chief Executive Officer.
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