RDCP acquires DJL Petfoods Ingredients
RDCP has completed the acquisition of Nottingham-based DJL Petfoods Ingredients Ltd (DJL) for an undisclosed sum. DJL is the UK’s leading supplier of premium pet food ingredients and raw materials. With the new investment, the business is targeting growth and the creation of new product lines.
The completion of this latest acquisition increases RDCP’s enterprise value to $700 million, and further strengthens the firm’s presence in the consumer staples sector.
Founded by Duncan Lancaster in 2017, Duncan will retain a shareholding and continue as Chief Executive Officer. DJL supplies over 50 products to major pet food manufacturers, pet food brands, petfood retailers amongst other companies within the sector.
DJL is well known for its reliability, traceability, and customer service, with a 92% customer retention rate. It operates from 40,000+ sq. ft. of facilities with a team of industry professionals with vast experience within the sector. The business is now set to expand into a wider variety of ingredients, products and strengthen its sales team to enter new markets.
RDCP is a London-based diversified investment group, which has acquired a majority shareholding in DJL, backing founder Duncan Lancaster who retains a shareholding and continues as CEO. RDCP’s deal team executed the transaction: Sameer Rizvi, Iryna Dubylovska and Martin O’Donoghue.
Sameer Rizvi, Founder & CEO of RD Capital Partners said: “DJL represents exactly the type of resilient, market‑leading platform we seek to invest in - a business with strong fundamentals, long‑standing customer relationships, and a clear path for growth. This acquisition strengthens our consumer platform and marks another step towards our goal of building the UK’s largest privately-owned investment group. We are delighted to back Duncan and his team for the next phase of their journey.”
Duncan Lancaster, CEO at DJL added: “Having spent over 8 years growing DJL, this partnership with RDCP marks an exciting new chapter for DJL. Their long-term investment approach gives us the platform to broaden our offering, strengthen our sales capabilities, and pursue new markets while staying true to the high standards and service our customers rely on.”