Red Sky Food Group has acquired sausage manufacturer Delenco Foods for an undisclosed sum.
It marks Red Sky’s second investment following the group’s creation as a joint venture between London-listed Literacy Capital and former Meadow Foods CEO and chairman Mark Chantler.
Red Sky, which was set up with a strategy to acquire and scale meat processors, picked up Langford’s in its maiden deal, which makes individually quick frozen (IQF) sausages, burgers and meatballs.
Delenco Foods was founded in 1963 and has grown from an east London butcher into a fresh and frozen sausages producer serving cruise lines, schools, retailers, catering butchers and wider foodservice customers.
The combined Red Sky portfolio will now generate about £35m in annual revenues and employ 120 workers across two sites in Welshpool and Leyton.
Red Sky said its latest acquisition was “highly complementary” with Langford’s in terms of product ranges and geographic reach. It added the enlarged group would offer an expanded service proposition to new and existing customers.
Delenco’s founder will remain involved in the business to support the transition, while MD Josh Gethin takes up a leadership position across Delenco and Langford’s.
Both businesses will continue to trade under their existing brands.
“Delenco is a highly complementary addition to Langford’s, and we are delighted to welcome the team into the Red Sky Food Group,” said executive chairman Mark Chantler.
“Richard and Jane Barber have spent their careers building an outstanding business, and we are committed to continuing Delenco’s success, while adding other high-quality meat manufacturing businesses to Red Sky.”
Red Sky recently completed a refinancing of its debt facilities with Triple Point to strengthen its ability to pursue further acquisitions.
No comments yet