August 7, 2013 | Darling International, Inc. has entered into a definitive agreement to acquire the industrial residuals and used cooking oil collection operations of Terra Renewal Services, Inc. Terra Renewal is a provider of essential environmental services focused on the collection, hauling, reprocessing, and recycling of waste cooking oil and disposal of non-hazardous, liquid, and semi-solid waste streams from the food processing industry with operations in over 24 states. The acquisition is expected to close by the end of August 2013.
Darling International Chairman and Chief Executive Officer Randall Stuewe said, “We are pleased to add Terra Renewal Services, Inc. and its employees to our company. The grease collection business is highly complementary to our existing footprint while the industrial residuals business is a new line of business. We are truly excited about the opportunity the industrial residuals business brings us. Not only will we be able to provide additional services to our rendering raw material suppliers, but we have secured a supply chain that will be essential in building out our new waste stream extraction business.”
Darling International is the largest and only publicly traded provider of rendering and bakery residuals recycling solutions to the nation’s food industry. The company recycles beef, poultry, and pork by-product streams into useable ingredients such as tallow, feed-grade fats, meat and bone meal, poultry meal, and hides. Darling also recovers and converts used cooking oil and commercial bakery residuals into valuable feed and fuel ingredients. In addition, the company provides grease trap collection services and sells used cooking oil collection equipment to restaurants.
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