QUOTE AND NEWS
StreetInsider.com  Nov 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Darling+Int%27l+%28DAR%29+Tops+Q3+EPS+View%2C+But+Misses+on+Sales/5103707.html for the full story.
PR Newswire  Nov 12  Comment 
IRVING, Texas, Nov. 12 /PRNewswire-FirstCall/ -- Darling International Inc. (NYSE: DAR) today reported net income of $16.1 million, or $0.19 per share, for the third quarter ended October 3, 2009. Sales and results of operations for the third quarter
Business Standard  Nov 12  Comment 
Entertainment & Sports Direct (ESD), promoted by DAR Capital Group, an investment advisory and private equity company, has won the theatre rights to the Indian Premier League cricket tournament for the next 10 years (2010-2019). It is to pay Rs...
PR Newswire  Nov 10  Comment 
IRVING, Texas, Nov. 9 /PRNewswire-FirstCall/ -- Darling International Inc. (NYSE: DAR) will hold a conference call and webcast on Friday, November 13, 2009 to discuss the Company's third quarter 2009 financial results. The teleconference will begin
Reuters  Oct 18  Comment 
Poor countries will have to wait for the Doha Round of trade talks to conclude and are unlikely to get an advanced package directed to them before then, the head of the World Trade Organisation said on Saturday.
Stock Blog Hub  Sep 16  Comment 
Valero Energy Corporation (VLO) joins hands with Darling International Inc. (DAR) for a joint venture, which will build a facility for renewable diesel. The facility would be adjacent to Valero’s St. Charles refinery near Norco, Louisiana, and...
Green Stocks Central  Sep 14  Comment 
Darling International just announced that it is partnering with Valero Energy to form a joint venture that will manufacture renewable diesel fuel. The plant that the two companies plan to build together, which will be located near Norco,...
PR Newswire  Sep 14  Comment 
IRVING, Texas, Sept. 14 /PRNewswire-FirstCall/ -- Darling International Inc. (NYSE: DAR) today reported that it has joined with a subsidiary of Valero Energy Corporation to take initial steps towards the formation of a joint venture to build a
Reuters  Sep 11  Comment 
A Tanzanian subsidiary of Canada's Artumas Group Inc says it hopes to add 45,000 customers to Tanzania's electricity grid in five years if it can secure approval and funds for the project.
StreetInsider.com  Aug 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Darling+Int%27l+%28DAR%29+Reports+In-Line+Q2+EPS+of+%240.14/4874652.html for the full story.
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DAR AT A GLANCE
 
 
 
 
 
 
 
 

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.

Business Segments

Products

  • Protein Meal
    • Bone Meal:
    • Meat Meal:
  • Tallow:
  • Yellow Grease:

Customers

  • Food Industry
  • Agriculture:
  • Manufacturing:

Industry Metrics

Performance Metrics

Trends and Forces

  • End Product Demand:Because tallow and yellow grease are good substitutes for the vegetable oil feedstock used in biodiesel production, and the price of these oils has nearly doubled over the past 18 months, the biofuel boom is responsible for increased prices in renderers' end products and profits have increased greatly. As long as biodiesel subsidies remain in place and demand for biodiesel remains high, this trend is likely to continue. Hence the biofuel boom will lead to increased prices in soap, paint, and other oil dependent products.
  • Mad Cow Disease:Bovine spongiform encephalopathy (BSE), commonly known as mad cow disease, is a major concern for the rendering business and Darling International in particular. About 1% of cattle and 2% of poultry die before they are slaughtered, opening a large market for the processing of their bodies. The whole animal is processed and included in the processed meal, which is used as feed. If the animal has BSE it is a risk to include it in feedstock. Regulations resulting from a mad cow incident or scare would reduce attainable revenues for the rendering industry.

Competition

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.




References

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