Darling International Inc. (AMEX:DAR) is the largest rendering business in the United States. It provides recycling and rendering services in which animal and food waste products are turned into useful commercial goods such as tallow, meat and bone meal, and yellow grease (cooking grease). Initially based out of Texas, Darling International now has 44 facilities and over 1,200 employees, controlling a near monopoly share of the rendering business in some parts of the country.
Darling International faced bankruptcy at one point and a group of 6 banks acquired a 3/4 equity position in the company in exchange for a $163m line of credit. After the second largest renderer in the nation decided to quit the rendering business amidst the threat of BSE, Darling acquired them and now runs a near monopoly on the rendering business in the US. In New Jersey, for example, anti-trust laws prevent Darling from buying any of the few remaining New Jersey renderers.