Canadian Biomass Magazine

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Darling buys Rothsay biodiesel operation


August 30, 2013
By Scott Jamieson


Topics

August 30, 2013, Irving, Texas - Darling International of Irving, Texas, has agreed to purchase the Rothsay rendering and biodiesel business from Maple Leaf, including a biodiesel plant in Quebec.

Darling International, a provider of rendering, recycling and recovery solutions to the US food industry, has entered into a definitive agreement to acquire all of the assets of Rothsay, a division of Maple Leaf Foods, for approximately CA$645 million (€459 million) in cash.

Rothsay is a biodiesel producer and recycler of animal by-products in Canada by processing raw materials into finished products of fats and proteins. These finished products are sold in domestic and international markets, as does its biodiesel.  It has five rendering plants and one biodiesel operation and has generated approximately $85 million of EBITDA over each of the past two fiscal years.  

‘The combination of our two companies will create North America’s leading provider of independent rendering and recycling services,’ says Darling CEO Randall Stuewe, ‘as Rothsay is Canada’s premier recycler of animal by-products and a leading biodiesel manufacturer.’

- See more at: http://www.biofuels-news.com/industry_news.php?item_id=6676#sthash.0XUFn3w4.dpuf

Darling International, a provider of rendering, recycling and recovery solutions to the US food industry, has entered into a definitive agreement to acquire all of the assets of Rothsay, a division of Maple Leaf Foods, for approximately CA$645 million (€459 million) in cash.

Rothsay is a biodiesel producer and recycler of animal by-products in Canada by processing raw materials into finished products of fats and proteins. These finished products are sold in domestic and international markets, as does its biodiesel.  It has five rendering plants and one biodiesel operation and has generated approximately $85 million of EBITDA over each of the past two fiscal years.  

‘The combination of our two companies will create North America’s leading provider of independent rendering and recycling services,’ says Darling CEO Randall Stuewe, ‘as Rothsay is Canada’s premier recycler of animal by-products and a leading biodiesel manufacturer.’

- See more at: http://www.biofuels-news.com/industry_news.php?item_id=6676#sthash.0XUFn3w4.dpuf

Rothsay has a network of five rendering plants in Manitoba, Ontario and Nova Scotia and a biodiesel operation in Quebec, Canada.  Rothsay employs approximately 550 people and generated approximately CAD $85.0 million of EBITDA over each of the past two fiscal years.  

Randall C. Stuewe, Darling International's Chairman and CEO said, "The combination of our two companies will create North America's
leading provider of independent rendering and recycling services. The
opportunity to add Rothsay to our North American platform is an
exceptional honor.  Rothsay is Canada's
premier recycler of animal by-products and a leading biodiesel
manufacturer.  We look forward to joining forces with Rothsay's
management team and employees and to the opportunity this brings our
shareholders for future growth."

Darling International, a
provider of rendering, recycling and recovery solutions to the US food
industry, has entered into a definitive agreement to acquire all of the
assets of Rothsay, a division of Maple Leaf Foods, for approximately
CA$645 million (€459 million) in cash.

Rothsay is a biodiesel producer and recycler of animal by-products in
Canada by processing raw materials into finished products of fats and
proteins. These finished products are sold in domestic and international
markets, as does its biodiesel.  It has five rendering plants and one
biodiesel operation and has generated approximately $85 million of
EBITDA over each of the past two fiscal years.  

‘The combination of our two companies will create North America’s
leading provider of independent rendering and recycling services,’ says
Darling CEO Randall Stuewe, ‘as Rothsay is Canada’s premier recycler of
animal by-products and a leading biodiesel manufacturer.’

– See more at: http://www.biofuels-news.com/industry_news.php?item_id=6676#sthash.0XUFn3w4.dpuf

Darling International, a
provider of rendering, recycling and recovery solutions to the US food
industry, has entered into a definitive agreement to acquire all of the
assets of Rothsay, a division of Maple Leaf Foods, for approximately
CA$645 million (€459 million) in cash.

Rothsay is a biodiesel producer and recycler of animal by-products in
Canada by processing raw materials into finished products of fats and
proteins. These finished products are sold in domestic and international
markets, as does its biodiesel.  It has five rendering plants and one
biodiesel operation and has generated approximately $85 million of
EBITDA over each of the past two fiscal years.  

‘The combination of our two companies will create North America’s
leading provider of independent rendering and recycling services,’ says
Darling CEO Randall Stuewe, ‘as Rothsay is Canada’s premier recycler of
animal by-products and a leading biodiesel manufacturer.’

– See more at: http://www.biofuels-news.com/industry_news.php?item_id=6676#sthash.0XUFn3w4.dpuf

Darling International, a
provider of rendering, recycling and recovery solutions to the US food
industry, has entered into a definitive agreement to acquire all of the
assets of Rothsay, a division of Maple Leaf Foods, for approximately
CA$645 million (€459 million) in cash.

Rothsay is a biodiesel producer and recycler of animal by-products in
Canada by processing raw materials into finished products of fats and
proteins. These finished products are sold in domestic and international
markets, as does its biodiesel.  It has five rendering plants and one
biodiesel operation and has generated approximately $85 million of
EBITDA over each of the past two fiscal years.  

‘The combination of our two companies will create North America’s
leading provider of independent rendering and recycling services,’ says
Darling CEO Randall Stuewe, ‘as Rothsay is Canada’s premier recycler of
animal by-products and a leading biodiesel manufacturer.’

– See more at: http://www.biofuels-news.com/industry_news.php?item_id=6676#sthash.0XUFn3w4.dpuf

Darling International, a
provider of rendering, recycling and recovery solutions to the US food
industry, has entered into a definitive agreement to acquire all of the
assets of Rothsay, a division of Maple Leaf Foods, for approximately
CA$645 million (€459 million) in cash.

Rothsay is a biodiesel producer and recycler of animal by-products in
Canada by processing raw materials into finished products of fats and
proteins. These finished products are sold in domestic and international
markets, as does its biodiesel.  It has five rendering plants and one
biodiesel operation and has generated approximately $85 million of
EBITDA over each of the past two fiscal years.  

‘The combination of our two companies will create North America’s
leading provider of independent rendering and recycling services,’ says
Darling CEO Randall Stuewe, ‘as Rothsay is Canada’s premier recycler of
animal by-products and a leading biodiesel manufacturer.’

– See more at: http://www.biofuels-news.com/industry_news.php?item_id=6676#sthash.0XUFn3w4.dpuf

Darling International, a
provider of rendering, recycling and recovery solutions to the US food
industry, has entered into a definitive agreement to acquire all of the
assets of Rothsay, a division of Maple Leaf Foods, for approximately
CA$645 million (€459 million) in cash.

Rothsay is a biodiesel producer and recycler of animal by-products in
Canada by processing raw materials into finished products of fats and
proteins. These finished products are sold in domestic and international
markets, as does its biodiesel.  It has five rendering plants and one
biodiesel operation and has generated approximately $85 million of
EBITDA over each of the past two fiscal years.  

‘The combination of our two companies will create North America’s
leading provider of independent rendering and recycling services,’ says
Darling CEO Randall Stuewe, ‘as Rothsay is Canada’s premier recycler of
animal by-products and a leading biodiesel manufacturer.’

– See more at: http://www.biofuels-news.com/industry_news.php?item_id=6676#sthash.0XUFn3w4.dpuf


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