Maple Leaf Foods to sell Rothsay rendering & biodiesel business to Darling International
Maple Leaf Foods announced that it has entered into a definitive agreement to sell Rothsay, its rendering and biodiesel business, to Darling International Inc. of Irving, Texas. The transaction is expected to close by the end of 2013, subject to regulatory approvals.
"The sale of our rendering and biodiesel business supports our strategy to focus on effective capital deployment and profitable growth in the consumer packaged foods market," said Michael McCain, president and CEO. "We are delighted to have concluded almost a year-long process with an agreement with Darling, the North American leader in food waste recycling. The sale will support future investments in our consumer facing businesses and allow Darling to build on Rothsay's strong capabilities and deep customer relationships."