Darling Ingredients completes acquisition of Brazil’s largest independent rendering company

In Texas, Darling Ingredients Inc. announced it has completed the acquisition of Brazil’s largest independent rendering company, FASA Group. The company first announced the acquisition in May 2022 for a purchase price of approximately R$2.8 billion Brazilian Real in cash ($542.6 million USD at today’s exchange rate), plus or minus various closing adjustments and a contingent payment based on future earnings growth. As part of the transaction, Darling Ingredients has acquired 14 plants that process more than 1.3 million metric tons annually, with an additional two plants under construction.