28 October 2013 21:25 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Darling International closed on its acquisition of the Rothsay rendering and biodiesel business from Maple Leaf Foods, the US-based food-waste recycling company said on Monday.
Darling bought the division for Canadian dollar (C$) 645m ($620m, €446m).
"We are excited to add the Rothsay assets and employees to our portfolio," chief executive Randall Stuewe said. "Together we will bring new solutions and opportunities to our many customers across North America."
Rothsay, Maple Leaf's rendering and biodiesel business, operates six rendering plants in Manitoba, Ontario, Quebec and Nova Scotia, as well as a biodiesel facility in Quebec.
Darling is the largest and only publicly traded provider of rendering and bakery residuals recycling to the US food industry.
The company recycles beef, poultry and pork by-products into usable ingredients such as tallow, feed-grade fats, meat and bone meal, poultry meal and hides.
The company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.
These products are primarily sold to agricultural, pet food, leather, oleochemical and biodiesel manufacturers around the world.
Biodiesel is an alternative fuel, produced from renewable resources. The most commonly used feedstocks are rapeseed, soy and palm oil.
($1 = C$1.04, $1 = €0.72)
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