Irving-based Darling Ingredients (NYSE: DAR) has agreed to purchase Polish rendering company Miropasz Group for approximately 110 million Euros (approximately $107.4 million), the company announced on Thursday.
The deal is subject to customary closing conditions and is expected to close in the third quarter of 2023.
The Polish rendering company currently operates three poultry rendering facilities in south Poland. According to a news release, the company has approximately 225 employees and processes approximately 250,000 metric tons annually.
"As the number one poultry producer in Europe, Poland plays a significant role in feeding the world," Randall Stuewe, chairman and CEO of Darling Ingredients, said in a news release. "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 purchase of Miropasz is the latest transaction for Darling Ingredients. In October, the sustainable product manufacturer acquired Brazilian collagen company Gelnex for approximately $1.5 billion in cash. In August, Darling Ingredients also purchased the Brazilian rendering company FASA Group. In 2021, the company agreed to purchase Virginia-based Valley Proteins. The transaction was finalized in May.
