date:Oct 08, 2013
Canada-based Maple Leaf Foods is hopeful of closing sale of Rothsay, its rendering and biodiesel business, to Darling International of Irving, Texas for C$645m on 28 October.
Rothsay is the leading rendering company in Canada and a leading producer of biodiesel. The company has six rendering facilities in Manitoba, Ontario, Quebec and Nova Scotia and a biodiesel facility in Quebec.
Maple Leaf plans to use the proceeds from the transaction to initially pay down debt.
Following the transaction,