Thomas Ridley Foodservice is eyeing revenue of £70m in the next five years following its acquisition of Elveden Estate’s food hub business, which includes regional wholesaler Tastes of Anglia.

The Suffolk-based logistics specialist, which pushed sales to £45m in 2014, said the deal would complement its existing business and strengthen its fine food range.

The Elveden hub was set up at the estate in Norfolk in 2005 to champion local food and drink producers. It supplies jams, marmalade, chutneys, relishes, sauces and marinades to Asda, Waitrose and the East of England Co-op in the region, as well as a range of farm shops, delis and other independents.

“Thomas Ridley has implemented a multitude of changes over the last five years, reinvesting profits into operations and technology,” director Rachel Summers told The Grocer.

She said the group was targeting £70m ­revenue by 2019, which would come from organic growth.

“We see this as an opportunity for us to work closely with the suppliers to expand their market and distribute local and regional goods further afield.”

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