Darling Int'l Puts Up $613M For Animal Rendering Co.

Law360, New York (August 23, 2013, 6:24 PM ET) -- Darling International, a company that reprocesses animal byproducts into resources, signed a deal to buy a rendering and biodiesel production business from Canadian firm Maple Leaf Foods for CA$645 million ($613 million).

Rothsay, the unit changing hands, operates six rendering plants throughout Canada, where cattle, pork and poultry parts are processed into goods like lard, tallow and bone meal. It also owns a biodiesel factory in Quebec. Rothsay's estimated earnings before expenses were CA$85 million  in 2012, according to Maple Leaf's press release. By divesting Rothsay,...
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