Who is Valley Proteins owned by?
(RTTNews) - Darling Ingredients Inc. (DAR) Tuesday said it has agreed to buy Valley Proteins, Inc. for about $1.1 billion in cash. Valley Proteins operates 18 major rendering and used cooking oil facilities throughout the southern, southeast and mid-Atlantic regions of the U.S. Valley employs 1,900 employees and operates a fleet of 550 vehicles.
What does valvalley proteins do?
Valley Proteins, Inc. provides rendering and recycling of animal by-products. The Company offers animal fats and oils, feed fat, yellow grease, poultry fat, biofuel fat, protein meals, and pet food ingredients.
What does Valley proteins do for the meat industry?
"Valley Proteins has a rich 70 plus year history of providing essential services to the meat processing industry and restaurant locations and our teams will work diligently to complete this acquisition in a timely manner," Stuewe added.
Is the valley proteins acquisition accretive to Darling?
"We are pleased to add Valley Proteins to our global ingredient family and we expect this acquisition to be accretive post integration. In the evolving world of ESG and global decarbonization, Valley Proteins will supplement Darling's global supply of waste fats and greases.
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How much is Valley Proteins worth?
On Dec. 28, sustainable food processing multinational Darling Ingredients, headquartered in Texas, announced it was acquiring the privately owned Valley Proteins in a $1.1 billion deal.
Who bought Valley Proteins?
Darling Ingredients Inc.Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced it has completed the acquisition of Valley Proteins, one of the largest independent rendering companies in the United States.
What does Valley Proteins do?
Valley Proteins, LLC. provides services for the collection, rendering and recycling of animal processing and supermarket waste streams (fat and bone trimmings; meat/poultry waste) and restaurant used cooking oil (UCO) throughout the contiguous United States.
What industry is Valley Proteins?
Valley Proteins, Inc. provides rendering and recycling of animal by-products. The Company offers animal fats and oils, feed fat, yellow grease, poultry fat, biofuel fat, protein meals, and pet food ingredients.
How many employees does Valley Proteins have?
1,400 employeesValley Proteins Overview Based in Virginia, Valley Proteins is a key player in the manufacturing industry with 1,400 employees and an annual revenue of $240.0M.
How long has Valley Proteins been in business?
For over 70 years, Valley Proteins, LLC. has been a leader in providing an invaluable service to global economies and the environment. Through our core competencies in rendering and recycling, Valley Proteins sets the standard in creating valuable products from renewable resources.
Who started Valley Proteins?
Clyde A. SmithIn 1949, Clyde A. Smith started a business that would fulfill a dream for three generations. Over the next 70 years, Valley Proteins, Inc. (now LLC., see below) would grow to become one of the largest rendering companies in the United States.
What dog food does Valley Proteins make?
Pet Food Fats and Proteins for Discriminating ConsumersPet Food Grade Poultry Fat. Developed specifically for use in pet food and aquaculture rations, our premium pet food grade poultry fat is highly digestible and very palatable. ... 62% Pet Food Grade Poultry By-Product Meal. ... 65% Chicken By-Product Meal. ... 62% Chicken Meal.
Who started Valley Proteins?
Clyde A. SmithIn 1949, Clyde A. Smith started a business that would fulfill a dream for three generations. Over the next 70 years, Valley Proteins, Inc. (now LLC., see below) would grow to become one of the largest rendering companies in the United States.
How long has Valley Proteins been in business?
For over 70 years, Valley Proteins, LLC. has been a leader in providing an invaluable service to global economies and the environment. Through our core competencies in rendering and recycling, Valley Proteins sets the standard in creating valuable products from renewable resources.
Solutions in Rendering and Recycling
For almost 70 years, Valley Proteins, Inc. has been a leader in providing an invaluable service to global economies and the environment. Through our core competencies in rendering and recycling, Valley Proteins sets the standard in creating valuable products from renewable resources.
Our VP Customer Care team is ready to help
Whether you are an existing customer, or would like to sign up for new service, we are ready to serve your immediate recycling needs.
Strategic Impact
With this buyout, Darling Ingredients is expected gain a strong foothold in southern, southeast and mid-Atlantic areas of the U.S, as Valley Proteins is one of the leading players of the used cooking facilities space in the region with about 1,900 employees and a fleet of 550 vehicles.
Management Commentary
The CEO of Darling Ingredients, Randall C. Stuewe, said, "We are pleased to add Valley Proteins to our global ingredient family and we expect this acquisition to be accretive post integration. In the evolving world of ESG and global decarbonization, Valley Proteins will supplement Darling's global supply of waste fats and greases.
Price Target
Recently, Kansas City Capital analyst Tyson Bauer upgraded the stock to Buy from Hold with a price target of $75, which implies upside potential of 12.8% from current levels.
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When will Valley National Bank release its earnings?
NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2021 earnings before the market opens on Thursday, July 22, 2021.
When will hedge funds return?
Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the fourth quarter of 2019.
Is Valley Bank merging with Westchester Bank?
, June 29, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ:VLY) and The Westchester Bank Holding Corporation (“Westchester”) announced today that they have entered into a definitive merger agreement whereby Valley will acquire Westchester, parent company of The Westchester Bank. The acquisition of this high-performing commercial bank will provide Valley a physical footprint and additional commercial lending expertise in the demographically attr