Darling Ingredients Inc. and Tessenderlo Group have signed a definitive agreement to combine their collagen and gelatin segments into a new company.
This strategic partnership aims to create a top-tier, collagen-based health, wellness, and nutrition products company with a global presence.
The proposed new company will have initial expected annual revenue of approximately $1.5 billion and total gelatin and collagen capacity of about 200,000 metric tons.
New Joint Venture
Combining the collagen and gelatin segments of Darling Ingredients and Tessenderlo Group into a new company with significant growth potential.
Ownership Structure
Darling Ingredients will hold 85% ownership stake in the new company, while Tessenderlo Group will hold the remaining 15%.
Strategic Goals
Focus on accelerating innovation, scale, and growth in the dynamic collagen-based health, wellness, and nutrition market.
- The collaboration aims to capitalize on the rapid growth of collagen products globally, positioning the new company as a major player in the industry.
- With facilities across South America, North America, Europe, and Asia, the combined company is poised to leverage synergies and develop a diverse product portfolio.
The agreement between Darling Ingredients and Tessenderlo Group represents a significant step towards creating a leading collagen-based products company poised for future growth and innovation.