Elveden sells East Anglian food hub to Thomas Ridley
The Elveden estate near Thetford is selling its Elveden Food Hub, which includes the Tastes of Anglia local food distribution network, to logistics specialist Thomas Ridley Foodservice.
The sale is due to be completed this week, with the first customer orders being taken by Bury St Edmunds-based Thomas Ridley on December 15.
The move comes barely a year after Elveden Farms Ltd – which has retail and farming interests on the Norfolk-Suffolk borders – took over the distribution arm of the member-funded Tastes of Anglia food group, bolting it onto the established Elveden Food Hub.
The £2.5m turnover hub, located on the A11, supplies regional food to Asda, Waitrose and the East of England Co-op as well as a range of farm shops, delis and other independents. It was Asda’s National Hub of the Year in 2010.
Hub manager Natasha Card said the sale to Thomas Ridley would “deliver enormous efficiencies in the distribution to customers, while also opening up a much wider marketplace for suppliers.”
Thomas Ridley Foodservice is a £45m-a-year family-run operation providing multi-temperature deliveries to a wide range of clients, from pubs and restaurants to nursing homes, schools and contract caterers.
Director Rachel Summers told FFD the Elveden Food Hub takeover would enable Thomas Ridley to “work closely with the suppliers to expand their market and distribute local and regional goods further afield”.
It is promising a “one-stop shop for retailers, restaurants, garden centres, farm shops, delis and food halls throughout the East and South East”.