Darling International Inc. (NYSE: DAR) is buying Rothsay’s assets for C$645 million (U.S. $614.3 million).
Rothsay, a division of Toronto-based Maple Leaf Foods Inc., processes animal by-products into finished fat and protein products sold to agriculture companies in the U.S., Europe, Mexico and South America. The Guelph, Ontario-based company also manufactures biodiesel for domestic and international markets. Maple Leaf makes meat, meals and baked products.
Darling, headquartered in Irving, Texas, provides rendering and recycling services for food processing companies, including recycling cooking oil. It also collects inedible waste from bakeries and converts it into a corn-replacement product for animal feed. The products are primarily sold to the agricultural, pet food, leather and biodiesel industries.