Darling Ingredients to Acquire Rendering, Used Cooking Oil Processor Valley Proteins.
MANews-(C)2009-2022
US-based organic ingredients producer Darling Ingredients Inc. (NYSE: DAR) has entered into a definitive agreement to acquire all of the shares of Valley Proteins, Inc. for approximately USD 1.1bn in cash, the company said.
Valley Proteins operates 18 major rendering and used cooking oil facilities throughout the southern, southeast and mid-Atlantic regions of the US.
Valley employs 1,900 employees and operates a fleet of 550 vehicles.
The closing of the transaction is subject to customary closing conditions...
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