Darling Materials Inc. transforms food waste into sustainable products and renewable energy producer. (NYSE: DAR) announced that it has entered into a definitive agreement to acquire all shares of Gelnex, a leading global manufacturer of collagen products. (including gelatin and collagen peptides), for approximately US$1.2 billion in cash. The transaction is subject to traditional regulatory approvals and is expected to close in the first quarter of 2023.
Headquartered in Brazil, with five facilities in South America and one in the United States, Gelnex has the capacity to produce 46,000 metric tons of collagen products per year, which it exports to more than 60 countries around the world, and employs approximately 1,200 people.
“Based on strong growth in demand for collagen products in the global health and nutrition market, we expect the collagen peptide market to double over the next five years,” said Randall C. Stuewe, Chairman and Chief Executive Officer. “Gelnex is a well-managed business and will grow rapidly. This acquisition will allow Darling to continue to grow its presence in the health and nutrition market and expand our grass-fed bovine collagen production capacity in South America to help meet the future demand of our collagen customers worldwide. ”
With 11 state-of-the-art facilities on four continents worldwide, Darling Materials’ healthcare brand Rousselot is a leading manufacturer and worldwide supplier of hundreds of collagen products made from bovine, pork and fish sources.
