tiprankstipranks
Darling Ingredients announces agreement with Cattlemen’s Heritage Beef Company
The Fly

Darling Ingredients announces agreement with Cattlemen’s Heritage Beef Company

Darling Ingredients announced that it has entered into an agreement with Cattlemen’s Heritage Beef Company to purchase the off-take from its planned 2,000-head per day beef-processing facility in Mills County, Iowa. Darling Ingredients also announced that it intends to expand its nearby Bellevue, Nebraska, rendering plant to increase receiving and processing capacity. Cattlemen’s Heritage Beef Company aims to provide a market for cattle raised by smaller, independent cattle producers. It plans to break ground on its Mills County beef-processing plant in the spring of 2023, with the goal of starting operations before the end of 2024. The Mills County facility is expected to bring around 800 jobs to the area and has a projected economic gain for Iowa of up to $8B, over the next five years.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on DAR:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles