As part of the transaction, Darling Ingredients assumes five facilities in South America and one in the United States
Darling Ingredients Inc., a leading company turning food waste into sustainable products and producer of renewable energy, completed the acquisition of Gelnex, a leading global producer of gelatin and collagen products on March 31, 2023.
The company first announced the acquisition in October 2022 for a purchase price of approximately $1.2 billion in cash, plus or minus closing adjustments and costs. As part of the transaction, Darling Ingredients acquired five facilities in South America and one in the United States, with the capacity to produce 46,000 metric tons of gelatin and collagen products annually. Darling Ingredients estimates that Gelnex will contribute approximately $75 million in EBITDA toward Darling's earnings in 2023, net of inventory and integration costs.