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-0.0101892285298399 -0.00640465793304218 -0.00640465793304218 0.0180494905385734 -0.00640465793304218 0.0101892285298399 0.0101892285298399 0.0189228529839883
Stock impact report

Darling Ingredients and Tessenderlo Group Sign Definitive Agreement to form New Company to Accelerate Growth in Attractive Collagen-Based Health, Wellness and Nutrition Sector

Darling Ingredients Inc. (DAR) 
Last darling ingredients inc. earnings: 2/25 04:35 pm Check Earnings Report
US:NYSE Investor Relations: ir.darlingii.com
Company Research Source: Business Wire
IRVING, Texas--(BUSINESS WIRE)--Darling Ingredients Inc. (NYSE: DAR) today announced the signing of a definitive agreement with Tessenderlo Group (XBRU: TESB) to combine the collagen and gelatin segments of their companies into a new company, requiring no cash or initial investment from either party. This strategic partnership aims to create a top-tier, collagen-based health, wellness and nutrition products company positioned to capitalize on global collagen growth.Darling Ingredients first announced the joint venture in May. The proposed new company will combine Darling Ingredients’ collagen and gelatin business, branded as Rousselot, with Tessenderlo Group’s PB Leiner business. Darling Ingredients will hold a majority, 85% ownership stake and Tessenderlo Group will hold the remaining 15%. The combination will result in a new company, initially with expected annual revenue of approximately $1.5 billion, and total gelatin and collagen capacity of about 200,000 metric tons across 2 Show less Read more
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