Irving-based Darling Ingredients Inc. (NYSE: DAR) announced on Monday it has completed the acquisition of Virginia-based Valley Proteins, one of the largest independent rendering companies in the United States, according to a news release.
Darling Ingredients, which turns food waste into sustainable products and uses it to produce renewable energy, first announced the acquisition in December for $1.1 billion (plus or minus various closing adjustments.)
As part of the transaction, Darling Ingredients also acquired 18 major rendering plants and used cooking oil facilities throughout the southern, southeast and mid-Atlantic regions of the U.S.
Read the full story at Dallas Business Journal.
