Darling Ingredients to acquire Polish rendering company Miropasz
Darling Ingredients Inc. announced Nov. 2 that it has entered into a definitive agreement to purchase Polish rendering company Miropasz Group for approximately 110 million euros (USD$107.3 million), subject to post-closing adjustments.
Miropasz processes approximately 250,000 metric tons annually through three poultry rendering plants in southeast Poland (Mirowice, Pszcaonow and Krasnystaw), and has approximately 225 employees.
“As the No. 1 poultry producer in Europe, Poland plays a significant role in feeding the world,” said 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 is the largest publicly traded company turning edible byproducts and food waste 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, such as green energy, renewable diesel, collagen, fertilizer, animal proteins and meals and pet-food ingredients.
On Oct. 31, Darling Ingredients announced it was selected for Investor’s Business Daily’s 100 Best ESG Companies of 2022, landing at No. 53—a significant move up the list from its No. 82 listing in 2021.
“Darling Ingredients has been at the forefront of the circular economy since our inception more than 140 years ago,” Stuewe said. “Where others see waste, we see opportunity—for both our shareholders and the planet—and we’re continually looking for ways to improve the environmental footprint of our business.”
Suann Guthrie, Darling Ingredients’ vice president of investor relations, global communications and sustainability, said, “IBD’s selection of Darling Ingredients demonstrates our strong historic performance in the ESG arena, our commitment to the future and the value we bring to the ESG-conscious investment community.”
Darling Ingredients committed to setting science-based targets in line with its long-term goal of achieving net-zero emissions from its operations by 2050.