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Maple Leaf Sells Off Biodiesel, Rendering Segments to Texas Firm

Maple Leaf Sells Off Biodiesel, Rendering Segments to Texas Firm

By Amanda Briodhagen, Farms.com

Maple Leaf Foods has agreed to sell its rendering and biodiesel business to a Texas firm – Darling International Inc. for $645 million.

The deal includes the sale of the company’s Rothsay business of six rendering plants located in Manitoba, Ontario, Quebec and Nova Scotia, and its biodiesel facility in Quebec. Maple Leaf president and CEO calls the sale a strategic move so that the company may focus solely on consumer packaged food products.

“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,” McCain said in a company statement.

Rothsay’s 550 employees will be taken over by Darling. The Texas based firm is the largest provider of rendering, bakery residuals and recycling solutions in the United States. The transaction is expected to close by the end of 2013.
 


Trending Video

Spring weed control in winter wheat with Broadway® Star (pyroxsulam + florasulam)

Video: Spring weed control in winter wheat with Broadway® Star (pyroxsulam + florasulam)

#CortevaTalks brings you a short update with Cereal Herbicides Category Manager, Alister McRobbie, on how to get the most out of Broadway® Star.

Significant populations of grassweeds, including ryegrass and brome, can threaten winter wheat yields. Spring applications of a contact graminicide, such as Broadway Star from Corteva Agriscience, can clear problem weeds, allowing crops to grow away in the spring.

Broadway Star (pyroxsulam + florasulam) controls ryegrass, sterile brome, wild oats and a range of broad-leaved weeds such as cleavers. It can be applied to winter wheat up until GS32, but the earlier the application is made, the smaller the weed, and the greater the benefit to the crop. Weeds should be actively growing. A good rule of thumb is that if your grass needs cutting, conditions are right to apply Broadway Star.

 

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