IRVING, TEXAS — Darling Ingredients Inc. announced the finalization of the acquisition of Brazil’s largest rendering company, FASA Group.
Operating 250 plants across 17 countries, Darling Ingredients is the premier company repurposing animal and food byproducts into food and feed ingredients.
The company originally announced the acquisition of FASA Group in May for approximately $542.6 million USD.
Part of the transaction includes the acquisition of 14 plants that process over 1.3 million metric tonnes annually. Two additional plants are under construction.
“Brazil will play a big role in feeding a growing world population, which makes it a premier location to grow our specialty ingredients business,” said Randall C. Stuewe, chairman and chief executive officer of Darling Ingredients. “FASA is a well-run business, 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.”