IRVING, TEXAS – Darling Ingredients, a publicly traded company that creates sustainable products and renewable energy, announced the completion of the company’s acquisition of Winchester, Va.-based Valley Proteins.
Darling announced in December 2021 plans to acquire outstanding shares of Valley Proteins for approximately $1.1 billion in cash. Valley’s assets include 18 major rendering and used cooking oil facilities throughout the southern, southeast and mid-Atlantic regions of the United States. The company employs 1,900 workers and operates a fleet of 550 vehicles. Darling expects the acquisition of Valley Proteins will supplement Darling’s global supply of waste fats and greases in addition to adding more low-carbon feedstock to produce renewable diesel and potentially sustainable aviation fuel.
“We are excited to welcome Valley Proteins to the Darling Ingredients family,” said Randall C. Stuewe, chairman and chief executive officer. “Valley Proteins has built a successful rendering and used cooking oil business that immediately strengthens our base business and expands our ability to provide additional low carbon intensity feedstocks to fuel the growing demand for renewable diesel.”
Darling Ingredients operates 250 plants in 17 countries and repurposes nearly 10% of the world’s meat industry waste streams into value-added products, such as green energy, renewable diesel, collagen, fertilizer, animal proteins and meals and pet food ingredients.