UK sausage maker Delenco Foods has recently been acquired by Red Sky Food Group, a new investment venture aiming to grow protein-focused companies. The financial details of the deal remain undisclosed.
This acquisition is significant as it marks Red Sky’s second purchase since launching in April. The group is a partnership formed by the investment firm Literacy Capital and Mark Chantler, the former CEO of Meadow Foods. Their goal? To buy and expand high-quality meat manufacturing businesses.
Earlier in the same month, Red Sky also acquired Langford’s, a meat producer in Wales, having split the investment cost 50:50. Together, Delenco and Langford’s are expected to generate combined revenues of around £35 million ($45.7 million) and employ around 120 people across their two facilities in Welshpool and Leyton.
Delenco Foods has been around since 1963, supplying a variety of customers, including grocery stores, schools, and even cruise lines. The brand is well-known for its fresh and frozen sausages. Red Sky believes that the addition of Delenco will enhance their product offerings and expand their geographic reach.
Importantly, both companies will continue to operate under their existing brands. Delenco’s founders will remain engaged during the transition, with Josh Gethin stepping in to lead both companies.
Chantler expressed confidence in Delenco’s legacy, praising its founders for their commitment to quality. As the protein market continues to expand, this strategic acquisition hints at a growing trend where investment firms target meat manufacturing to capitalize on rising consumer demand for protein-rich foods.
According to recent data, the global meat market is set to reach $1.5 trillion by 2025, indicating a robust growth trajectory. This acquisition aligns with industry predictions that emphasize high-quality protein sources as the future of food.
For more insights into the shifting dynamics of the protein market, explore resources from reputable sources like the Food and Agriculture Organization (FAO) or industry research reports.
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