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Darling Ingredients Inc., a company specializing in turning food material into sustainable products and renewable energy, has entered into a definitive agreement to purchase the Polish rendering company, Miropasz Group. The transaction is for about 110 million euros ($107,448,000), subject to post closing adjustments.
According to a news release from Irving, Texas-based Darling Ingredients, Miropasz processes about250,000 metric tons of poultry annually through three rendering plants in Mirowice, Pszcaonow and Krasnystaw, located in southeast Poland. The company has about 225 employees.
"As the number one poultry producer in Europe, Poland plays a significant role in feeding the world," says Randall C. Stuewe, chairman and CEO of Darling Ingredients. "We believe meat production in Poland will continue to grow, and this acquisition provides a nice bolt-on to Darling's existing three plants in central and western Poland and once again displays our commitment toward building out our global supply for low-carbon feedstocks."
The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2023.
Darling Ingredients says it is the largest publicly traded company turning edible by-products and food material into sustainable products and a leading producer of renewable energy. The company operates more than 270 plants in 17 countries and repurposes approximately 15 percent of the world's meat industry waste streams into value-added products, including green energy, renewable diesel, collagen, fertilizer, animal proteins and meals.
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