Darling Ingredients Inc., which has a large share of the Ontario market including Rothsay Concentrates, has an agreement to buy all of the shares of Valley Proteins Inc. for about $1.1 billion in cash.
Valley Proteins operates 18 major rendering and used cooking oil facilities throughout the southern, southeast and mid-Atlantic regions of the United States and employs 1,900 people.
"We are pleased to add Valley Proteins . . . (because it) will supplement Darling's global supply of waste fats and greases,” the company said in a news release.
“The new supply will now provide Darling with additional low carbon feedstock to produce renewable diesel and potentially sustainable aviation fuel," said Randall Stuewe, chairman and chief executive officer of Darling Ingredients.
