Darling Ingredients (85%) And Tessenderlo Group (15%) To Merge Collagen Units Into $1.5B Global Venture Nextida

Benzinga · 13h ago
- Creates ~$1.5 billion revenue company in fast-growing collagen-based health, nutrition and food sectors
- 85% owned and consolidated by Darling Ingredients
- Non-cash transaction, combining assets, capabilities
- Strengthens foundation around serving food and pharma customers
- Provides a platform for accelerated product development and growth
- Creates an opportunity to unlock significant shareholder value
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