Darling Ingredients, the world's leading company turning food waste into sustainable products and producer of renewable energy, announces it has entered into a definitive agreement to purchase Polish rendering company, Miropasz Group, for approximately €110 million Euros, subject to post-closing adjustments. Miropasz processes approximately 250,000 metric tons annually through three poultry rendering plants in southeast Poland (Mirowice, Pszcaonow and Krasnystaw) and has approximately 225 employees.
"As the number one poultry producer in Europe, Poland plays a significant role in feeding the world," said Randall C. Stuewe, chairman and chief executive officer, Darling Ingredients. "We believe meat production in Poland will continue to grow, and this acquisition provides a nice bolt-on to Darling's existing three plants in central and western Poland and once again displays our commitment toward building out our global supply for low-carbon feedstocks."
The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2023.