Tessenderlo CEO: H1 'Turbulent' but JV With Darling Advances
Tessenderlo CEO Luc Tack said the company performed well despite Strait of Hormuz disruption in H1 2026. The JV with Darling Ingredients moves forward, with Tessenderlo holding 15%.
Tessenderlo Group reported H1 2026 results on Thursday, with CEO Luc Tack describing the first half as "turbulent" because of disruptions in the Strait of Hormuz, but he said the company performed well.
Tack also updated the market on the company's joint venture with Darling Ingredients, first announced in December 2025. The partnership aims to create a collagen-based health, wellness and nutrition products company. Tessenderlo holds a 15% stake in the JV, while Darling holds 85%. Tessenderlo will have a seat on the board and contribute to the venture's operations, Tack said.
"I'm extremely pleased with how the troops worked, how we, as a company, performed, managing the different hurdles that came on the path during the first 6 months," Tack said on the earnings call.
CFO Miguel Potter presented the financial results during the call, though the company did not immediately disclose specific figures in the public portion of the transcript. The H1 results cover the period through June 30, 2026.
The joint venture represents a shift for Tessenderlo, which historically has focused on specialty chemicals, salt, and agro-industrial products. The partnership with Darling, a global food-waste-to-energy and specialty ingredients company, moves Tessenderlo deeper into the high-growth collagen market.
Tessenderlo shares trade over-the-counter under the ticker TSDOF. The company held the call on August 27, 2026.
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