US renderer and renewable diesel producer Darling Ingredients has completed its acquisition of Brazil’s largest independent rendering company FASA Group, the company announced.
The company first announced the BRL$2.8bn (US$542.6M at the statement date’s exchange rate) cash acquisition in May.
As part of the transaction, Darling Ingredients acquired 14 rendering plants with a total processing capacity of 1.3M tonnes/year, with an additional two plants under construction, the company said on 1 August.
“FASA… will be immediately accretive and further de-risks the supply chain by providing an additional source of non-food based, low-carbon waste fats to be used in the production of renewable diesel and sustainable aviation fuel,” Darling Ingredients chairman and CEO Randall C Stuewe said.
Darling Ingredients operates 250 plants in 17 countries and repurposes nearly 15% of the world’s meat industry waste streams into value-added products, such as green energy, renewable diesel, collagen, fertiliser, animal proteins and meals and pet food ingredients.