Darling International completes acquisition of Rothsay
November 1, 2013
BY Ron Kotrba
Darling International Inc. completed its acquisition of Rothsay, the rendering and biodiesel division of Maple Leaf Foods Inc. The purchase price for the transaction was approximately $619 million in cash. Plans for the purchase were announced in August.
Darling International Chairman and CEO Randall Stuewe said, “We are excited to add the Rothsay assets and employees to our portfolio. Together we will bring new solutions and opportunities to our many customers across North America.”
According to Melissa Gaither with Darling International, the 45 MMly Rothsay Biodiesel plant in Ville Ste. Catherine, Quebec, Canada, will continue operating under the Rothsay name.
Advertisement
Advertisement
Related Stories
HutanBio on May 8 announced that the production process for its proprietary HBx microalgal biofuel achieves net-negative carbon emissions, based on an independent cradle-to-gate life cycle assessment (LCA) conducted by EcoAct.
Reps. Zach Nunn, R-Iowa, and Nikki Budzinski, D-Ill., on May 7 introduced a bill that aims to update USDA’s Section 9003 program to expand access to grants, streamline loan guarantees and provide $100 million in mandatory funding over five years.
Novonesis on May 8 released fourth quarter financial results, reporting its Agriculture, Energy and Tech segment achieved 10% organic growth during the three-month period. Much of that increase was driven by the biofuels industry.
On May 6, the Sustainable Aviation Buyers Alliance released a request for proposal (RFP) to increase the supply of next-generation sustainable aviation fuel (SAF), including power-to-liquids and those using advanced biobased feedstocks.
Sunoco LP on May 5 announced a definitive agreement to acquire all outstanding shares of Parkland Corp. The Burnaby refinery, which recently began to produce SAF, is among the assets subject to the transaction.
Upcoming Events
