M&A - DARLING INGREDIENTS INC.

Form Type: 8-K

Filing Date: 2025-05-12

Corporate Action: Merger

Type: New

Accession Number: 000119312525117232

Filing Summary: On May 12, 2025, Darling Ingredients Inc. announced the signing of a non-binding term sheet with Tessenderlo Group NV to establish a joint venture named NextidaTM. This joint venture will merge the collagen and gelatin businesses of both companies, with Darling holding an 85% ownership and Tessenderlo the remaining 15%. The term sheet encompasses standard aspects such as structure, governance, and management of the new entity. The establishment of the joint venture is contingent upon due diligence, execution of definitive transaction documents, customary closing conditions, and obtaining regulatory approvals, with the transaction anticipated to close in 2026. Details of the agreement were further elaborated in a conference call held on the same date, which included a slide presentation available on the company’s investor relations webpage.