Darling Ingredients Inc. (NYSE: DAR) has finalized the sale of its CTH branded sausage casing business to SARIA for an undisclosed sum.
"The sale of CTH illustrates our continued commitment to optimizing our portfolio and positioning Darling Ingredients for continued growth," stated Randall C. Stuewe, Chairman and Chief Executive Officer. "We are committed to channeling our efforts toward segments with strong integration and long-term value creation potential, while using the proceeds to further our goal of reducing debt."
About Darling Ingredients
A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) repurposes materials from the animal agriculture and food industries into valuable ingredients for human and animal consumption, crop nutrition, and renewable energy.
The company operates over 260 facilities across more than 15 countries. It processes approximately 15% of the world's animal agricultural by-products, produces about 30% of the global collagen supply (both gelatin and hydrolyzed collagen), and is a major producer of renewable energy. More information is available at darlingii.com. Follow the company on LinkedIn.
Cautionary Statements Regarding Forward-Looking Information:
This release may contain "forward-looking statements," which include information concerning the Company’s financial performance, plans, objectives, goals, strategies, future earnings, cash flow, performance, and other information that is not historical information. When used in this release, the words "expects," "anticipates," "projects," "plans," "intends," "believes," "will" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained in this release. Numerous other factors, many of which are beyond the Company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
Contacts
Darling Ingredients Contacts
Investors: Suann Guthrie Senior VP, Investor Relations and Global Affairs (469) 214-8202; suann.guthrie@darlingii.com
Media: Jillian Fleming Director, Global Communications (972) 541-7115; jillian.fleming@darlingii.com
