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Dalepak, the Northampton-based logistics firm with 265 staff, has undergone a management buy-out with backing from Sovereign Capital.

Dalepak is creating 200 packing and driving jobs at its Northampton-based logistics business this month.

Dalepak has secured government funding for the £9.5m expansion of its Northampton-based logistics business, with the creation of 150 jobs.

Dalepak is to open a 139,000 sq ft headquarters and warehouse for its third-party logistics business at the Pineham Industrial Estate in Northampton next year.

Dalepak Foods may undergo a reverse takeover, possibly by Cavaghan and Gray.