Darling Ingredients to acquire Brazilian collagen producer Gelnex for $1.2B cash

DARLING INGREDIENTS INC.

Purchase price ~$1.2B USD in cash; expected close Q1 2023 subject to regulatory approvals.
Gelnex capacity: 46,000 metric tons collagen annually; exports to over 60 countries.
Acquisition immediately accretive per CEO; boosts grass-fed bovine collagen output in South America.
Darling's Rousselot brand to integrate Gelnex's 6 facilities; total now 11 on 4 continents.
Morgan Stanley exclusive financial advisor; investor call at 11:00 AM ET today.

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