Darling Ingredients Inc. has announced the completion of its acquisition of Miropasz Group, a Polish rendering company. The acquisition, which was initially disclosed in November 2022 for a purchase price of €110 million, plus or minus closing costs, marks a significant move for the world's leading company in converting food waste into sustainable products and renewable energy.
Randall C. Stuewe, Chairman and Chief Executive Officer of Darling Ingredients, commented on the acquisition, stating, "As Poland continues to take a pivotal role in poultry production to feed our world, Darling Ingredients is committed to providing essential services as our customers grow. This acquisition seamlessly integrates with Darling's existing three plants in central and western Poland and underscores our dedication to expanding our worldwide supply of low-carbon feedstocks."
Darling Ingredients Inc. (NYSE: DAR) is recognized as a sustainability leader, operating more than 270 plants in 17 countries and repurposing approximately 15% of the world's meat industry waste streams into value-added products, including green energy, renewable diesel, collagen, fertilizer, animal proteins, meals, and pet food ingredients.
Following the announcement, the company's shares experienced a -0.9% movement and are currently trading at a price of $44.18.
The company's full 8-K submission is available here.