August 26, 2013
Firm represents BMO Capital Markets Corp., financial advisor to Darling, in the transaction.
On August 23, Darling International Inc., a leading provider of rendering, recycling and recovery solutions to the food industry, announced that it has entered into a definitive agreement to acquire all of the assets of Rothsay, a division of Maple Leaf Foods Inc., for approximately $614 million in cash. Willkie represented BMO Capital Markets Corp., financial advisor to Darling, in the transaction.
Based in Irving, TX, Darling International Inc. is the largest and only publicly traded provider of rendering and bakery residuals recycling solutions to the nation's food industry. Rothsay is the leading recycler of animal by-products in Canada and also manufactures biodiesel fuel for domestic and international markets. Toronto-based Maple Leaf Foods is a leading Canadian value-added meat, meals and bakery company.
The deal was handled by partner David Boston and associate Manuel Miranda.
