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Subsequent Events
3 Months Ended
Apr. 02, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On May 2, 2022, the Company acquired Valley Proteins for approximately $1.2 billion in cash. The Company financed this transaction by borrowing all of the Company's delayed draw term A-1 facility of $400.0 million and delayed draw term A-2 facility of $500.0 million and the remainder through revolver borrowings under the Company's Amended Credit Agreement.

On May 5, 2022, the Company announced that we entered into a definitive agreement to acquire all the shares of the FASA Group, the largest independent rendering company in Brazil, for approximately R$2.8 billion Brazilian Real in cash ($560.0 million USD at the exchange rate in effect on the signing date), subject to post closing adjustments and a contingent payment based on future earnings growth. The closing of the transaction is subject to customary closing conditions and regulatory approval in Brazil.