Neste to acquire Walco Foods to strengthen its renewable raw material sourcing

Source: Neste

Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has agreed to acquire 100% of Walco Foods, an Irish trader of animal fats. The transaction is subject to the fulfillment of customary closing conditions and regulatory approval.

“This is another important step for Neste in the execution of our growth strategy. With this acquisition we continue to build a global waste and residue raw material platform and add trading capabilities in Ireland,” says Matti Lehmus, President and CEO of Neste.

Together with the previously announced acquisitions of IH Demeter, Bunge Loders Croklaan and Count Terminal in the Netherlands, and Mahoney Environmental and Agri Trading in the United States, Walco Foods will enhance Neste’s supply of global waste and residue raw materials.