M&A Deal Summary

Darling Ingredients Acquires Carolina By-Products

On December 28, 2021, Darling Ingredients acquired consumer products company Carolina By-Products for 1.1B USD

Acquisition Highlights
  • This is Darling Ingredients’ 2nd transaction in the Consumer Products sector.
  • This is Darling Ingredients’ 3rd largest (disclosed) transaction.
  • This is Darling Ingredients’ 7th transaction in the United States.
  • This is Darling Ingredients’ 1st transaction in Virginia.

M&A Deal Summary
Date 2021-12-28
Target Carolina By-Products
Sector Consumer Products
Buyer(s) Darling Ingredients
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Carolina By-Products

Winchester, Virginia, United States
Carolina By-Products is a provider of an invaluable service to global economies and the environment. Carolina By-Products was founded in 1949 and is based in Winchester, Virginia.

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Buyer(S) 1

Buyer

Darling Ingredients

Irwing, Texas, United States
Category Company
Founded 1882
Sector Environmental
Employees15,800
Revenue 6.8B USD (2023)
DESCRIPTION

Darling Ingredients is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries. Darling Ingredients was incorporated in 1882 and is based in Irving, Texas.

DEAL STATS #
Overall 11 of 14
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 7 of 10
State (Virginia) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 PPH Conto

Poznań, Poland

PPH Conto Ltd. is a food grade animal fat processing facility. Using different processing plants we have been a part of Polish animal fat processing sector for over 20 years. We produce high-quality animal fats for the food industry, animal feeding, and cosmetics, as well as proteins in the form of dried and grounded greaves for the food industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 FASA

Cruzeiro do Sul, Brazil

FASA operates industrial plants for the processing of animal waste in Brazil, five in RS, two in SC, one in PR, two in MS, one in MT, one in RO, two plants in PA, and one in MG. FASA was founded in 2010 and is based in Cruzeiro do Sul, Brazil.

Buy $560M
Mergr

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