Vion N.V. announced that the sale of Vion Ingredients to Darling International was finalised on 8 January 2014. The sales price is approx. € 1.6 billion in cash.
On 7 October 2013, Vion announced that it had entered into a final agreement with Darling International on the sale of Vion Ingredients. This sale followed the announcement made on 24 April 2013 when Vion's board announced that it would make Vion's two main activities, Food and Ingredients, independent.
Darling International Inc. is North America's largest and only publicly traded provider of rendering and bakery residuals recycling solutions to the food industry. The Company recycles beef, poultry and pork by-product streams into useable ingredients such as tallow, feed-grade fats, meat and bone meal, poultry meal and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into valuable feed and fuel ingredients. Headquartered in Irving, Texas, it controls over 125 locations and employs over 3,900 people in North-America. Darling International is a listed company and its stocks are traded on the NYSE. For additional information, visit the company's website at www.darlingii.com.
To comment, login here
Or register to be able to comment.