Attached files

file filename
EX-99.4 - CONSENT OF GRANT THORNTON LLP - DARLING INGREDIENTS INC.dex994.htm
EX-99.3 - DARLING AND GRIFFIN UNAUDITED CONDENSED COMBINED BALANCE SHEET AS OF 10/2/2010 - DARLING INGREDIENTS INC.dex993.htm
EX-99.2 - GRIFFIN CONSOLIDATED BALANCE SHEETS 9/30/2010(UNAUDITED) AND 12/31/2009 - DARLING INGREDIENTS INC.dex992.htm
8-K - FORM 8-K - DARLING INGREDIENTS INC.d8k.htm
EX-99.1 - GRIFFIN AUDITED BALANCE SHEETS 12/31/2009 AND 12/31/2008 - DARLING INGREDIENTS INC.dex991.htm

Exhibit 99.5

LOGO

DARLING INTERNATIONAL INC. ANNOUNCES PROPOSED PRIVATE

OFFERING OF $250 MILLION OF SENIOR NOTES DUE 2018

November 29, 2010 – IRVING, TEXAS – Darling International Inc. (NYSE: DAR), a leading provider of rendering, recycling and recovery solutions to the nation’s food industry, today announced that it intends, subject to market and other conditions, to offer $250 million in aggregate principal amount of its senior notes due 2018 (the “2018 Notes”) in a private offering. The 2018 Notes will be offered only to qualified institutional buyers in accordance with Rule 144A and to non-U.S. Persons under Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

The Company intends to use the net proceeds of the notes offering to finance in part the cash portion of the purchase price to be paid in connection with the Company’s previously announced acquisition of Griffin Industries, Inc., a leading provider of value-added rendering, bakery feed and cooking oil recycling services in the southeast United States.

The 2018 Notes will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release does not and will not constitute an offer to sell or the solicitation of an offer to buy the 2018 Notes, nor shall there be any sale of the 2018 Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

ABOUT DARLING

Darling International Inc. is the largest publicly traded, food processing by-products recycling company in the United States. The Company recycles used restaurant cooking oil and by-products from the beef, pork and poultry processing industries into useable products such as tallow, feed-grade fats, meat and bone meal and hides. These products are primarily sold to agricultural, leather, oleo-chemical and bio-diesel manufacturers around the world. In addition, the Company provides grease trap collection services and sells equipment to restaurants.


 

  

News Release

November 29, 2010

Page 2

LOGO

For additional information, visit the Company’s web site at http://www.darlingii.com.

{This media release contains forward-looking statements regarding the business operations and prospects of Darling and industry factors affecting it, as well as forward-looking information regarding the Griffin transaction and the combined company. These statements are identified by words such as “may,” “will,” “ begin,” “ look forward,” “expect,” “believe,” “intend,” “anticipate,” “should”, “potential,” “estimate,” “continue,” “momentum” and other words referring to events to occur in the future. These statements reflect Darling’s current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, including the continued disturbances in world financial, credit, commodities and stock markets, the potential inability to find purchasers for the 2018 Notes or otherwise to secure financing for the Griffin acquisition and the possibility that closing conditions required to consummate the Griffin acquisition will not be met, a decline in consumer confidence and discretionary spending, the general performance of the U.S. economy, and global demands for bio-fuels and grain and oilseed commodities, which have exhibited volatility, each of which could cause actual results to differ materially from those projected in the forward-looking statements. Other risks and uncertainties regarding Darling, its business and the industry in which it operates are referenced from time to time in the Company’s filings with the Securities and Exchange Commission. Darling is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.}

 

 

For More Information, contact:

John O. Muse, Executive Vice President of Finance and Administration, or

Brad Phillips, Treasurer, at

972-717-0300