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New Deal


Announced

Darling Ingredient to acquire FASA Group for $563m.

Financials

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Transaction Value£447m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Friendly

rendering

Cross Border

Single Bidder

Private

Food Products

Majority

Brazil

Synopsis

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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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