TORONTO – Maple Leaf Foods Inc. has agreed to sell its Rothsay business unit to a Texas-based company.
The Rothsay business operates six rendering plants and a biodiesel plant employing a total of 550 in four provinces.
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The rendering plants in Manitoba, Ontario, Nova Scotia and Quebec recover fats and proteins produced as a by-product of the slaughtering process.
The biodiesel plant in Quebec creates products for use as fuel.
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Maple Leaf says the Rothsay employees will transfer to the new owner, Darling International Inc. of Irving, Texas.
Toronto-based Maple Leaf will receive about $645 million for Rothsay and use the money to pay down corporate debt.
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