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Darling Ingredients Inc. Closes on Sale of CTH Sausage Casings Business

  • Darling Ingredients Inc. closed the sale of its CTH branded sausage casing business to SARIA for an undisclosed amount.
  • CEO Randall C. Stuewe stated the sale aligns with the company's strategy to optimize its portfolio & channel efforts toward segments with strong integration & long-term value creation potential.
  • Proceeds from the transaction will be used to further the goal of reducing debt.
  • Darling Ingredients operates over 260 facilities in more than 15 countries & processes approximately 15% of the world's animal agricultural by-products.
  • The company produces about 30% of the world's collagen & is one of the largest producers of renewable energy.