Technikraft takes Delta state

Technikraft, a maker of chemicals for the automotive, household and industrial cleaning, handcare and cycling sectors, has acquired a majority stake in its UK compatriot Delta Fluid Technology, which supplies label metal-working fluids. Terms were not disclosed.

Delta, which was established in 2012, has turnover of around £5 million and employs 13 people. It will continue to operate from its existing plant at Sherburn-in-Elmet under managing director Pat Flanagan. Co-founder Andrew Fletcher will remain with the company as a consultant and director.

“By working in partnership with Delta, we can offer customers a wider product range and enhanced capabilities, enabling them to simplify their supply chains,” said James Clews, managing director of Technikraft. The firm has been owned by US-based investor PHD Industrial Holdings since 2018, during which time it has increased turnover by around 40% to over £10 million/year.