Investment firm RD Capital Partners has bought East Midlands-based DJL Petfoods Ingredients for an undisclosed sum.

A supplier of premium pet food ingredients and raw materials, DJL will use the investment to target growth and create of new product lines.

DJL was founded in 2017 by Duncan Lancaster, who will retain a shareholding and remain as chief executive officer.

He said: “Having spent over eight 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.”

DJL operates from Long Bennington Business Park near Newark in Notts. The business is now set to expand into a wider variety of ingredients, products and strengthen its sales team to enter new markets.

Sameer Rizvi, founder and 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.”