Darling Ingredients Inc. (NYSE:DAR) entered into an agreement to acquire Valley Proteins, Inc. for approximately $1.1 billion on December 28, 2021. The purchase consideration of approximately $1.1 billion will be paid in cash. The transaction is subject to the expiration of the Hart-Scott-Rodino waiting period and other customary closing conditions, including the receipt of regulatory approval.

The acquisition is expected to be accretive post integration. Ryan Freeman, Derek Lewis and Bernardo Villar of Harris Williams LLC acted as financial advisors to Valley Proteins. Aaron J. Rigby, Tara Lancaster, David Siegel, Larry A. Barden, Angela Fontana, Karen Kazmerzak, Laura Collins, Margaret H. Allen, Eric M. Winwood, Marian Fielding, Heather M. Palmer and Lauren G. Grau of Sidley Austin LLP acted as legal advisors for Darling Ingredients.