For nearly $1.1 billion, Irving-based Darling Ingredients have announced their recent acquisition of Valley protein according to a Dallas Morning News article from December 28 which reports,
“Irving-based agri-food reprocessing firm Darling Ingredients has announced that it will acquire Valley Proteins for $1.1 billion.
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.
“In the evolving world of ESG and global decarbonization, Valley Proteins will supplement Darling’s global supply of waste fats and greases,” Darling Ingredients CEO Randall C. Stuewe said in a statement. “The new supply will now provide Darling with additional low-carbon feedstock to produce renewable diesel and potentially sustainable aviation fuel.”
Valley Protein from Virginia is known for its 70-year of operation in providing meat processing and restaurant industries with 18 of its facilities across the US Valley according to a Dorchester Star article from December 28. In it they say,
“Valley Proteins operates 18 major rendering and used cooking oil facilities throughout the southern, southeast and mid-Atlantic regions of the U.S. Valley employs 1,900 employees and operates a fleet of 550 vehicles.
Locally, the company operates an industrial poultry rendering facility on Linkwood Road, just off U.S. Route 50 in Dorchester County. The plant receives poultry processing waste and processes it again into various components such as pet food.
“Valley Proteins has a rich 70-plus year history of providing essential services to the meat processing industry and restaurant locations and our teams will work diligently to complete this acquisition in a timely manner,” Stuewe added.”
As for Darling Ingredients, they have been expanding and growing in recent years as they have increased both their facilities and employees across the globe. Their CEO Stuewe is also responsible for innovating and focusing on animal feed and food ingredients that creates bio-friendly hydrocarbon fuel.
