Darling Ingredients to buy rendering company in Brazil

Darling Ingredients to buy rendering company in Brazil

Corporate & Sovereign Strategy M&A Brazil Chile United States Energy

Darling Ingredients, a US-based maker of sustainable food, feed and fuel ingredients from waste, said Thursday that it agreed to buy FASA Group, the biggest rendering company in Brazil, for BRL2.8 billion ($551 million) in cash. Irving, Texas-based Darling Ingredients reached the deal with a unit of Inversiones Nutravalor, a Chilean producer of food as well as fish meal and oil, the latter said in a securities filing. Both companies said they expect the deal to close by the end of this year. FAS

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