Irving-based agri-food reprocessing firm Darling Ingredients has announced that it will acquire Valley Proteins for $1.1 billion.
Darling Ingredients will purchase all of Valley Proteins’ shares in cash, the company said in a release.
Virginia-based Valley Proteins has a 70-year history of providing services to the meat processing and restaurant industries. It employs 1,900 workers and operates a fleet of 550 vehicles, and it’s a leading exporter of poultry-based fats and proteins used in biofuels.
Darling Ingredients collects and repurposes animal-based and agricultural ingredients, like slaughterhouse leftovers and used restaurant cooking oil, into materials that are sold back into the market. It creates products including collagen, edible and feed-grade fats, animal proteins and meals, plasma, pet food ingredients, fuel feedstocks and green bioenergy.
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