Alpha Diallo
0
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

Darling International Acquires Vion Ingredients

 

Darling International Inc. (NYSE:DAR) will acquire Vion Ingredients, a specialty division of Vion Holdings for 1.6 billion Euros ($2.2 billion). Vion Ingredients produces specialty ingredients from animal origins, which used in pharmaceuticals, pet food, feed, food, bio-energy and fertilizers.

 According to the company’s press release, “The combination of Vion Ingredients with Darling International will create the global leader in converting edible and inedible bio-nutrients streams into specialty products and ingredients for the food, feed, fuel, fertilizer and pharmaceutical industries.” The deal will also diversify Darlings revenue source. The deal is expected to be finalized in the first quarter of 2014. Darling is currently trading higher on the news, above 3 percent.