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Darling International Inc. (NYSE: DAR)today announced that it has entered into a definitive agreement to acquire the industrial residuals and used cooking oil collection operations of Terra Renewal Services, Inc. Terra Renewal is a leading provider of essential environmental services focused on the collection, hauling, reprocessing, and recycling of waste cooking oil and disposal of non-hazardous, liquid and semi-solid waste streams from the food processing industry with operations in over 24 states. The acquisition is expected to close by the end of August 2013.


Darling International Chairman and Chief Executive Officer Randall Stuewe said, "We are pleased to add Terra Renewal Services, Inc. and its employees to our Company. The grease collection business is highly complementary to our existing footprint while the industrial residuals business is a new line of business. We are truly excited about the opportunity the industrial residuals business brings us. Not only will we be able to provide additional services to our rendering raw material suppliers, but we have secured a supply chain that will be essential in building out our new waste stream extraction business."

On recent calls, DAR indicated that they would focus more on strategic acquisitions after Diamond Green Diesel was up and running… well, I guess they meant it. DGD came on-line last month, now they bolt on Terra Renewal to their grease collection business.

Much of DAR’s growth has been through acquisitions, so I have confidence that they can integrate Terra Renewal pretty effectively.

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