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Slide #48. Darling International Inc. — Terra Renewal Services, Inc.
Darling International Inc. (NYSE:DAR)
Terra Renewal Services, Inc.
Darling International Inc. (NYSE: DAR) today announced that it has completed its acquisition of Terra Renewal Services, Inc., a leading provider of essential environmental services focused on the collection, hauling, reprocessing, and recycling of waste cooking oil and disposal of non-hazardous, liquid and semi-solid waste streams from the food processing industry with operations in over 24 states. The purchase price for the transaction was approximately $120 million in cash with an EBITDA of approximately $22.0 million per year.
Darling Ingredients is a global developer and producer of natural ingredients from edible and inedible bio-nutrients. Co.'s segments include: Feed Ingredients, which includes the collection and processing of beef, poultry and pork animal by-products in North America and Europe into non-food grade oils and protein meals; Food Ingredients, which includes the purchase and processing of beef and pork bone chips, beef hides, pig skins, and fish skins into collagen in Europe, China, South America and North America; and Fuel Ingredients, which converts animal fats, recycled greases, used cooking oil, inedible corn oil, soybean oil, or other feedstocks into renewable diesel.
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Buy (3.33 out of 4)