Darling Ingredients to buy Valley Proteins
Darling Ingredients will pay nearly $1.1 billion in the all-cash deal
29 December 2021
1 minute read
Sustainable food processing firm Darling Ingredients Inc said on Tuesday it had agreed to buy Valley Proteins Inc, a startup focused on collection and recycling of waste, for about $1.1 billion in an all-cash deal.
According to Reuters, Darling Ingredients said the acquisition will provide the company with additional low-carbon feedstock to produce renewable diesel and potentially sustainable aviation fuel.
Darling Ingredients is a producer of renewable clean energy and collects waste streams from the agri-food industry, repurposed into specialty ingredients including animal proteins and meals, plasma, pet food and green bioenergy.
Climate awareness and investor interest in sustainable business practices have surged this year, with companies and investors looking to factor in environmental social governance (ESG) policies.
Earlier this month, packaging products provider Sonoco Products Co said it would buy sustainable metal packaging maker Ball Metalpack for $1.35 billion to expand its sustainable packing portfolio.
Source: Reuters
