VION has finalised the sale of Ingredients
8 January 2014 – VION N.V. is announcing today that the sale of VION Ingredients to Darling International was finalised on 8 January 2014. The sales price is approx. € 1.6 billion in cash. On 7 October 2013, VION announced that it had entered into a final agreement with Darling International on the sale of VION Ingredients. This sale followed the announcement made on 24 April 2013 when VION’s board announced that it would make VION’s two main activities, Food and Ingredients, independent.
Darling International Inc. is North America’s largest and only publicly traded provider of rendering and bakery residuals recycling solutions to the food industry. The Company recycles beef, poultry and pork by-product streams into useable ingredients such as tallow, feed-grade fats, meat and bone meal, poultry meal and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into valuable feed and fuel ingredients. Headquartered in Irving, Texas, it controls over 125 locations and employs over 3,900 people in North-America. Darling International is a listed company and its stocks are traded on the NYSE. For additional information, visit the company’s website at www.darlingii.com.
VION Ingredients, part of VION N.V., operates in Europe and worldwide with 58 companies developing, processing and selling added value products from slaughterhouse by-products. These products such as gelatine, proteins and fats are successfully sold to a variety of B2B markets such as the pharmaceutical, cosmetics, food, feed, energy and technology industries. On the market, Ingredients is primarily known through its brands Ecoson, Rendac, Sonac, Rousselot and CTH. Ingredients, with its head office in Son, in the South of the Netherlands, employs approximately 5,700 staff.