Griffin Industries, a Cold Spring-based animal and bakery byproduct recycling company, has been acquired by Darling International Inc. in a cash and stock transaction valued at approximately $840 million.
Founded in 1943 by John and Rosellen Griffin, Griffin Industries is one of the largest independent, privately owned animal and bakery byproduct recycling companies in North America. The company collects and recycles billions of pounds of meat and poultry byproducts, grocery scraps, used restaurant cooking oil and grease, and bakery byproducts and then recycles them into a broad array of recycled products, ranging from fuel and fertilizers to pet food, animal feed and leather goods. The company now operates 55 locations throughout the southeastern United States and employs approximately 1,400 people.
Texas-based Darling International is one of the largest publicly traded food processing byproducts recycling companies in the nation. Darling recycles used restaurant cooking oil and byproducts from the beef, pork and poultry processing industries into products such as tallow, feed-grade fats, meat and bone meal, and hides. The products are then sold to agricultural, leather, oleo-chemical and bio-diesel manufacturers around the world.
“The combination of our two companies fills out our national footprint and gives us the ability to better serve our customers from coast to coast,” said Darling Chairman and CEO?Randall C. Stuewe.