Darling Ingredients acquires Polish rendering company
Miropasz processes 250,000 metric tons annually through three poultry rendering plants in southeast Poland: Mirowice, Pszczonow and Krasnystaw.
A spokesperson for Darling told us the Miropasz acquisition is a bolt-on to its existing business in Poland, with that country the number one poultry producer in Europe. “We see tremendous potential in Poland.”
The deal is subject to customary closing conditions and is expected to close in the third quarter of 2023.
Darling operates 250 plants in 17 countries and repurposes nearly 15% of the world's meat industry waste streams into value-added products, such as green energy, renewable diesel, collagen, fertilizer, animal proteins and meals and pet food ingredients.
Brazilian asset
In August this year, the company confirmed it had completed the acquisition of Brazil's largest independent rendering company, FASA Group, which processes more than 1.3m metric tons of beef, pork, and chicken annually through 14 rendering plants, with an additional two plants under construction.
FASA will also supplement Darling's global supply of waste fats.
The company has been expanding its footprint in North America as well. Darling’s $1.1bn acquisition of Valley Proteins, one of the largest independent rendering companies in the US, closed in May. As part of that deal, it gained 18 major rendering plants, which process about 2.4m Mt of raw materials per year, and enough fat to produce about 125m gallons of renewable diesel.
“This is a great acquisition. For 2022, we expect a contribution of US$60-70m of new EBITDA and, under current market conditions, I anticipate the business contribution [from Valley Proteins] to be more than US$150m in EBIDTA in 2023 as we address operational synergies,” said Randall C Stuewe, Darling's chief executive, in May.
