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Darling Ingredients acquires assets, sells others

Company sells stake in Terra Renewal Services and acquires assets of Kruger Commodities.

Tim Lundeen 1

May 22, 2018

2 Min Read
Darling Ingredients acquires assets, sells others
Feedstuffs

Darling Ingredients Inc. announced May 21 two business deals that shifts its ownership of certain assets.

First, Darling Ingredients announced the sale of its Terra Renewal Services (TRS) industrial residuals business to American Residuals Group LLC. TRS is a provider of environmental services focused on the collection, hauling and disposal of non-hazardous, liquid and semi-solid waste streams from the food processing industry. The transaction price is approximately $80 million in cash.

Darling Ingredients chairman and chief executive officer Randall C. Stuewe said, "From time to time, we evaluate the strategic fit of all our businesses. While TRS was a consistent-performing business for us, we made a decision to sell the business, allowing for greater focus and attention to our world of growth strategy."

Second, Darling Ingredients announced that it has acquired substantially all of the assets of Kruger Commodities Inc., including protein conversion facilities in Hamilton, Mich., and Tama, Iowa, along with a protein blending operation and used cooking oil collection business in Omaha, Neb., to support its low-carbon fuel initiative at Diamond Green Diesel.

"We are pleased to have the opportunity to add the Kruger Commodities operations to Darling's global platform," Stuewe said. "This long-established, family-owned business is a natural fit to the Darling network and will help us to better serve our customers and growing feedstock demand from Diamond Green Diesel, our low-carbon fuel facility located in Norco, La."

Darling Ingredients is a global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, nutraceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.

With operations on five continents, the company collects and transforms all aspects of animal byproduct streams into useable and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides.

Darling Ingredients also recovers and converts recycled oils (used cooking oil and animal fats) into feed and fuel ingredients and collects and processes residual bakery products into feed ingredients. In addition, it provides environmental services, such as grease trap collection and disposal services, to foodservice establishments and disposal services for waste solids from the wastewater treatment systems of industrial food processing plants.

The company sells its products domestically and internationally and operates within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients.

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