Darling Ingredients INC.: management transactions · United States · SEC (Form 4)

About Darling Ingredients INC.

Darling Ingredients Inc. (NYSE: DAR) is a global leader in converting organic by-products into value-added ingredients, with a long operating heritage rooted in the food and agricultural supply chain in the United States. The company traces its origins to 1882, when it was founded by the Swift meatpacking interests and the Darling family, and it was later incorporated in Delaware in 1962. It adopted its current name in 2014. Its corporate headquarters is in Irving, Texas, United States, and it is listed on the New York Stock Exchange, with a broad international operating footprint across five continents. ([sec.gov](https://www.sec.gov/Archives/edgar/data/916540/000119312526116070/d26898dars.pdf)) Darling’s business model is centered on collecting and transforming animal by-products, used cooking oil, and bakery residuals into higher-value products. The company describes itself as a global developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, serving customers in pharmaceuticals, food, pet food, animal feed, industrial applications, fuels, bioenergy, and fertilizers. Its reporting structure comprises three main segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. Feed Ingredients covers fats, proteins, used cooking oil, bakery residuals, and other rendering streams. Food Ingredients is anchored by collagen and gelatin businesses under Rousselot and Gelnex, natural casings under CTH, and other specialty products. Fuel Ingredients is primarily tied to Darling’s investment in Diamond Green Diesel (DGD), its 50/50 renewable diesel joint venture. ([sec.gov](https://www.sec.gov/Archives/edgar/data/916540/000119312526116070/d26898dars.pdf)) From a competitive standpoint, Darling stands out through scale, feedstock access, and product diversification. It operates a global network of more than 260 locations, including 186 production facilities, and markets products under established brands such as Dar Pro Ingredients, Sonac, FASA, Rousselot, Gelnex, and CTH. That footprint gives the company a strong position in biosolutions, rendering, collagen-based ingredients, and renewable fuels, while also providing resilience through multiple end markets and geographies. ([sec.gov](https://www.sec.gov/Archives/edgar/data/916540/000119312526116070/d26898dars.pdf)) Recent developments suggest a more focused strategic posture. In 2025, Darling refinanced long-term debt to extend maturities and monetized production tax credits to support liquidity and deleveraging. Its 2025 results showed higher sales and adjusted EBITDA, although net income remained pressured by weaker DGD performance. In late 2025, the company announced a definitive agreement with Tessenderlo Group to create a new collagen, health, wellness, and nutrition company, signaling a sharper emphasis on higher-value specialty ingredients. In first-quarter 2026, Darling reported a significant improvement in earnings and adjusted EBITDA, underscoring an improving operating backdrop. For international equity investors, Darling Ingredients is best viewed as a hybrid industrial-agri business with meaningful exposure to circular economy themes, specialty nutrition, and renewable energy. ([investors.darlingii.com](https://investors.darlingii.com/news/news-details/2025/Darling-Ingredients-Inc--announces-offering-of-750-million-of-senior-notes-by-Darling-Global-Finance-B-V--entry-into-a-new-amended-and-restated-credit-agreement-and-redemption-of-515-0-million-3-625-senior-notes-due-2026/default.aspx?utm_source=openai))