Darling Ingredients Inc

Darling Ingredients Inc. (NYSE: DAR) collects and processes by-products from the animal agriculture and food industries and transforms them into ingredients for food, animal feed, crop nutrients and renewable energy. It operates more than 260 facilities in over 15 countries. The company says it processes about 15% of the world's animal agricultural by-products and produces about 30% of the world's collagen (gelatin and hydrolyzed collagen).

It reports three segments:
- **Feed Ingredients:** Rendering of fats and proteins, used cooking oil collection, and bakery feeds. Rendering and used cooking oil processing generate about 95% of the segment's Adjusted EBITDA.
- **Food Ingredients:** Collagen, gelatin and targeted collagen peptides such as the Nextida line.
- **Fuel Ingredients:** Includes the company's bioenergy operations and its 50% interest in Diamond Green Diesel. DGD is a joint venture producing renewable diesel and sustainable aviation fuel, and it buys feedstock from Darling's Feed segment.

Recent developments include:
- Divestiture of most of its non-core grease trap services business.
- A proposed collagen joint venture with Tessenderlo.
- An ongoing focus on deleveraging and share repurchases. Updated Oct 28, 2026