IRVING, TEXAS – Darling Ingredients Inc. is acquiring Valley Proteins, Inc., Winchester, Va., for approximately $1.1 billion. Valley Proteins is a renderer and recycler of waste produced through animal processing as well as by supermarkets and restaurants.
Valley Proteins operates 18 rendering and used cooking oil facilities in the southern, southeast and mid-Atlantic regions of the United States. The company employs 1,900.
“We are pleased to add Valley Proteins to our global ingredient family and we expect this acquisition to be accretive post integration,” said Randall C. Stuewe, chairman and chief executive officer of Darling Ingredients. “In the evolving world of ESG and global decarbonization, Valley Proteins will supplement Darling’s global supply of waste fats and greases.
“The new supply will now provide Darling with additional low carbon feedstock to produce renewable diesel and potentially sustainable aviation fuel. 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.”Darling Ingredients collects waste from the animal processing, restaurant and supermarket industries and converts it into ingredients for the food, feed and fuel categories. In fiscal 2020, the company had sales of $3.6 billion.