Darling Ingredients completes $1.2B acquisition of Gelnex, gelatin and collagen producer

DARLING INGREDIENTS INC.

Acquisition closed on March 31, 2023; purchase price ~$1.2B in cash plus adjustments.
Darling acquires five South American facilities and one U.S. facility with 46,000 metric tons annual capacity.
Gelnex expected to contribute ~$75M EBITDA in 2023 net of inventory and integration costs.
Deal is immediately accretive; expands collagen and gelatin capabilities under Rousselot brand.

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