Darling Ingredients to Acquire Brazil-Based FASA Group for BRL 2.8bn.
MANews-(C)2009-2022
Texas-based sustainability company Darling Ingredients Inc. (NYSE: DAR), turning food waste into sustainable products and a producer of renewable energy, has agreed to purchase Brazil-based independent rendering company, FASA Group for approximately BRL 2.8bn (USD 560m) in cash, the company said.
The transaction is subject to post-closing adjustments and a contingent payment based on future earnings growth.
The transaction is subject to customary closing conditions and is expected to close by the end of 2022.
FASA Group processes more than 1.3m metric tons annually through 14 rendering plants with an additional two plants under construction, and has approximately 2,400 employees.
FASA will supplement Darling...
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