Brake Bros Ltd
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< Sysco Corporation < Brake Bros Ltd
Brakes, formally "Brake Bros Ltd", is a European foodservice business, supplying fresh, refrigerated and frozen food products, as well as non-food products and supplies, to foodservice customers ranging from large customers, including leisure, pub, restaurant, hotel and contract catering groups, to smaller customers such as independent restaurants, hotels, fast food outlets, schools and hospitals, via ~70 distribution centres.
The group has two distinct types of business, divided into 3 geographic regions.
- broadline, which offers a range of food products across multiple categories and temperatures to customers;
- specialist, which focuses on a particular type of product category.
UK & Ireland:
|
Continental Europe:
- Brake France is a broadline business supplying over 4,000 stock keeping units across all temperature categories. It uses its own national distribution network to reach ~45,000 customer sites throughout France. Customers range from independent restaurants, hotels, bars and delicatessens all the way to regional and national groups, contract caterers, schools, and other public institutions. Website
- Davigel is a broadline provider with its own national distribution network and approximately 62,000 customer sites throughout France, Belgium and Spain. Customers range from independent restaurants, hotels, bars and delicatessens to regional and national groups, contract caterers and the public sector. Website.fr, Website.es
Sweden:
- Menigo is a broadline business offering customers an extensive range of food, beverages and catering equipment. It operates from seven bases around Sweden and supplies over 22,000 SKUs to over 21,000 customer sites. Menigo's customers include hotel chains, restaurants, schools, homes for the elderly and convenience stores. Website
Timelines
Brake Bros Ltd
Oct.2018 | Sysco France SAS: Brake France Service SAS merged with Davigel SAS. [1]:Jun.2018 sysco.fr |
Jun.2018 | Eko Fågel, Fisk & Mittemellan AB: (Eko Fisk AB) an 80% stake in the Swedish foodservice business was purchased.[1]:Jun.2018 Website |
Apr.2018 | Kent Frozen Foods Ltd, a foodservice business, was acquired after approval from the CMA.[2][1]:Jul.2017 Kff.co.uk Kff.co.uk |
May.2017 | Clafra AB, trading as "Andy's Frukt", was acquired. The company is a supplier of fruit and vegetables in Sweden.[1]:Jul.2017) |
Jul.2016 | Sysco Corporation agreed to buy Brakes from Bain Capital. The deal expanded Sysco’s footprint in the UK and Ireland, and further into Europe. [3] |
Nov.2015 | Davigel SAS, Nestlé's branded frozen and chilled food products unit, was acquired by Bain Capital.[4] Davigel supplies frozen and chilled meals to restaurants, hospitals and healthcare institutions across France. davigel.fr |
Feb.2014 | Fresh Direct Group Ltd: Bain Capital entered into a JV with Fresh Direct to create a new fresh food company. Brakes' subsidiaries M&J Seafood, Pauleys and Wild Harvest became part of the new entity, and Fresh Direct placed into Fresh Holdings Ltd. CMA clearance was received in Feb.2015.[5] The new company is jointly owned by Bain Capital and Nigel Harris, a Fresh Direct owner.[6] |
2014 | Constellation: Brakes joined forces with two of the largest foodservice wholesalers in Italy and Finland to form a new buying group. The alliance gave Brakes greater purchasing power to achieve lower prices across a wide range of products.[7] |
Jul.2012 | Browns Foodservice Ltd was sold to Ensors Gloucestershire Ltd.[1]:Dec.2012 |
May.2010 | Browns Foodservice Ltd, a supplier of meat products to the catering industry, was acquired.[1]:Dec.2010 |
Feb.2010 | Menigo Foodservice AB: Brake Bros acquired a controlling 66.67% stake in Swedish Menigo's parent company Cidron Food Holdings Sarl from its Jersey-registered private equity owner Nordic Capital AB, which retained 33.33%. Menigo is a major foodservice wholesaler in Sweden.[8][1]:Dec.2009 Website |
Dec.2009 | FreshFayre Ltd, a supplier of predominantly chilled and ambient foods to the catering industry, was acquired.[1]:Dec.2009 Website |
Oct.2008 | O'Kane Food Service Ltd, a Belfast-based specialist supplier of quick-frozen food products to retail food outlets, was acquired.[1]:Dec.2008 Known as "Associated Egg Packers Ltd" prior to purchase,[9] the company was bought from O'Kane Group Ltd, itself bought by Moy Park in Aug.2010.[10] Website |
Sept.2008 | Woodward Foodservice Ltd, a supplier of frozen, chilled and ambient foods to the catering industry, was bought from a consortium led by the Baugur Group,[11] subject to Office of Fair Trading approval.[12][1]:Dec.2008 The transaction included DBC Foodservice Ltd, a food distributor acquired in Sept.2006, with a network of 13 warehouses throughout the UK, plus a juicy Ministry of Defence contract as part of the Purple Foodservice Solutions consortium.[13] WoodwardFoodservice.com |
Feb.2008 | Rault, a family foodservice wholesaler business based in Western France, was acquired.[1]:Dec.2008 |
Nov.2007 | Bain Capital's Cayman-Islands registered fund "Bain Capital IX E LP" bought Brakes from Clayton, Dubilier & Rice.[14]:Dec.2007 |
2006 | Carigel SA: a subsidiary of Brake France Service SAS, 98% acquisition was completed.[14]:Dec.2006 |
2005‑2015 | Acquisitions: 20+.[15] |
Nov.2004 | Wild Harvest Ltd, a small speciality product foodservice business supplying premium restaurants, was acquired.[14]:Dec.2004 Website |
Sept.2004 | Peter's Foodservice, a chilled distribution business, was acquired.[14]:Dec.2004 |
Oct 2002 | W Pauley & Co. Ltd, a wholesale distributor of chilled and fresh produce, was acquired.[16] Website |
Aug.2002 | Clayton, Dubilier & Rice, an American private equity firm, bought the business via its Cayman-Islands registered vehicle "CD&R Fund VI". Majority shareholders, the Brake family, agreed to sell Brake Bros plc following the retirement of executive chairman, Frank Brake.[17][14]:Dec.2002 The company was subsequently delisted from the stock exchange, and taken private.[18] |
Brake Bros plc
Jul.2002 | Seafood Direct was acquired from Bloomsbury International Ltd. The business was hived up into M&J Seafood.[19] |
Oct.2001 | Scotia Campbell Marine Ltd, t/a as Campbell & Neill, the leading fresh fish supplier to caterers in Scotland, was purchased to enhance the M&J Seafoods business.[20][18] |
Mar.2001 | Wicketts, the bacon and ham processing business, was sold to Roach Foods Ltd. As part of the transaction, Brake Bros acquired Roach Foods' local food wholesaling business, Roach Frozen Foods.[21][18] |
Mar.2001 | Roach Frozen Foods, a small frozen food wholesaler in the South West of England, was acquired.[18]:Dec.2002 |
2001-2002 | France: acquired six member businesses of the Carigel Buying Group: Szymczak Nadreau SA, Valette SA, Bertello SAS, VDL Surgeles SA,[22] Dipa SA, and SBA SA.[23] Bianchi Gers SA (Jan.2002) and Produits Sélectionnés de Mulhouse/Jarny Glace (PSM/Jarny) (Mar.2002), were also acquired; as a result, the group became a 75% majority shareholder in the Carigel buying group.[18] |
Jul.2000 | Cearns & Brown Ltd, an ambient and chilled grocery supplier with a catering equipment division, the largest independent and privately-owned foodservice wholesaler in the UK, was acquired from the Stoddart family.[24] The business was transferred to Watson & Philip in Dec.2000.[25][26] |
Mar.2000 | M & J Seafood: the group completed the acquisition of 100% of the share capital of Stockflag Ltd and its wholly-owned subsidiary, M&J Seafoods (Wholesale) Ltd, the UK’s largest independent fish and seafood supplier to caterers.[27] mjseafoods.arch, mjseafood.arch |
2000 | France: in Mar., acquired the business of Dispas Ouest in Brittany, thereby strengthening distribution in the area. In Nov. and Dec., three more businesses were purchased: Voladis, Ingagel SA and Figel SA in the Rhône Alpes area of South East France.[26] |
1999 | Bayliss & Sons, a small fish wholesaling business serving London and the home counties, was acquired.[28] |
1998 | Gelou, a regional frozen food home service business, was sold. The company had formed part of the DRV Group acquisition.[28] |
Nov.1998 | W&P Foodservice, the food wholesaling and distribution division of Watson & Philip plc, was acquired. The firm offered grocery and chilled products to the catering industry.[29] |
Jul.1997 | GR Tanner & Company was acquired.[1]:Dec.1997 In Dec.1997, GR Tanner was hived up into Brake Bros Foodservice Ltd.[30] |
Mar.1997 | Dairyfresh Desserts Ltd was acquired,[1]:Dec.1997 and hived up into Brake Bros Foodservice Ltd.[30] |
Nov.1995 | Puritan Maid Ltd was acquired from Forte plc, and subsequently renamed as "Brake Logistics". The company was a multi-temperature contract distributor to major catering chains.[31] In Jan.1997, Puritan Maid was hived up into Brake Bros Foodservice Ltd.[30] |
Jul.1995 | Frigosud SA, a distributor of frozen foods to caterers in the South of France, was acquired via its holding company, Odial SA.[1]:Dec.1995 |
Feb.1994 | Jesse Robinson (Nottingham) Ltd, a supplier of frozen food and wet fish to caterers, fish friers and fishmongers, was acquired.[1]:Dec.1994 |
1994 | France: Picardie Volaille in St Quentin, and Dorcier SA in South West France, were acquired.[1]:Jul.1994 |
May.1993 | Country Choice Foods (Group) plc, a specialist distributor of frozen bakery products to convenience stores and independent bakers, was acquired.[31] In Jan.1996, Country Choice was hived up into Brake Bros Foodservice Ltd. Website.arch |
1993 | France: two distributors were acquired: Anjou Surgelations SA in Angiers, and Cogehalles SA in the Paris area.[1]:Dec.1993 |
1992 | FixMe: "then sold out to private equity in 1992" ?link "... allotment of 2.2m shares for cash to certain institutional investors..."[1]:Dec.1992 |
1991 | Midfish Ltd in Birmingham, WH Hooper & Sons Ltd in Portsmouth and the Isle of Wight, both specialist suppliers to caterers of fresh fish, seafood and frozen food, were acquired. Everfresh Frozen Foods Ltd and London Larder Ltd, a supplier of a range of chilled foods with emphasis on the quality restaurant sector, were acquired. Switchenbank Frozen Produces Ltd and Paris Direct Ltd were acquired, enabling entry into the French foodservice distribution market.[31] |
Late.1990 | Peter Shaw Products in Sussex, and Rossfrost in Dumfries, were acquired late in the year, and hived up.[1]:Dec.1987 |
Jun.1990 | Caterfrost, a prominent Scottish food distributor to caterers, was purchased from Watson & Philip plc.[1]:Dec.1987 |
May.1990 | Ellmdale Foods Ltd, a specialist producer of prepared foods for the public sector, was acquired.[1]:Dec.1987 |
1989 | John Morris Electrical Engineering Company Ltd, Spring Valley Foods Ltd (and its subsidiary Spring Valley Poultry Ltd), S H Wickett & Son Ltd, and Edward Jones (Springs) Ltd were acquired during the year.[1]:Dec.1989 |
Dec.1987 | Scotia Frozen Foods Ltd, Scotland's leading independent frozen food distributor to the catering industry, was acquired. |
Jul.1986 | Brake Bros plc was incorporated, and acquired 100% of Brake Bros (Frozen Foods) Ltd; the company was floated on the stock exchange in Nov.1986.[24][1]:Dec.1986 |
Beginnings
Dec.1977 | Brake Bros (Frozen Foods) Ltd: Brake Bros changed its name.[30] |
1969 | Brakes Manufacturing, t/a "Twin Chef Foods", was established as the in-house food manufacturing operation, producing frozen ready-made meals and desserts.[31] |
Oct.1961 | Brake Bros. (Poultry Packers) Ltd was incorporated.[30] |
1958 | Brakes was established by William, Frank and Peter Brake as a poultry supplier to caterers in Great Britain.[24] |
Woodward Foodservice Ltd
Woodward Foodservice supplies frozen foods, grocery, and chilled products to the catering industry in the UK. The company, founded as a family business in 1957, is part of Brake Bros Ltd, which was acquired by Sysco Corporation in Jul.2016. Woodward Foodservice ceased to trade in Dec.2009 when its trade and assets were hived up into Brake Bros, and was dissolved in Jun.2019. It exists now purely as a brand.
Dec.2009 | Woodward Foodservice ceased trading, with its business and assets being hived up into Brake Bros Ltd. |
Sept.2008 | #Brake Bros Ltd acquired the Woodward business from the Baugur Group consortium,[11] subject to approval from the Office of Fair Trading.[32][12][1]:Dec.2008 |
Sept.2006 | dbc Foodservice Ltd, a food distributor with a network of 13 warehouses throughout the UK, which had a juicy Ministry of Defence contract as part of the Purple Foodservice Solutions Ltd consortium,[33][34][35] was acquired from Danish Crown AmbA by WF Group Holdings Ltd with the aim of merging the two companies.[13] The merger was not a success. In Sept.2008, when the Woodward business was sold to Brake Bros Ltd, dbc Foodservice did not form part of the transaction, but was later sold to WPD Holdings Ltd/WPD Ltd for £1 in Apr.2009 (owned by Iceland officers Malcolm Walker, Andrew Pritchard and Tarsem Dhaliwal).[36] After a ~£5m loss in 2011, followed by ~£6m in 2012,[37] dbc Foodservice and its parent company went into administration, and were dissolved.[38]dbc: History |
Aug.2005 | MBO: Woodward Foodservice Ltd was subject to a management buyout (WF Group Holdings Ltd/WF Group Ltd). Ownership: Baugur Group hf (via BG Holding ehf), Management, and Talden Holding SA.[39][40]:Mar.2006 |
Oct.1999 | Deep Freeze Supplies Ltd, Scotland's largest independent foodservice company, was acquired by Iceland to give it distribution coverage north of the border. DFS was merged with the Woodward foodservice division.[41][42]:Jan.2000 |
Nov.1998 | Caterfish Ltd, a Birmingham-based foodservice operator in the Midlands, was acquired and hived up.[41] |
Jul.1997 | Woodward Foodservice Ltd: Iceland renamed its Woodward division. |
Jul.1997 | Cold Move Ltd: the foodservice division was acquired and hived up.[42]:Jan.1998 |
Mar.1997 | Iceland Group plc acquired Woodward Frozen Foods (Rhyl) Ltd, a North Wales-based operation, from the Woodward family. Woodward was the 3rd-largest foodservice provider to the UK catering and restaurant markets, and enabled Iceland to expand its foodservice division.[40]:Dec.1997 |
References
- ^ a b c d e f g h i j k l m n o p q r s t u v w x Brake Bros Ltd. Various company filings, Companies House. Accessed Oct.2019.
- ^ Sysco Corporation / Cucina Lux Investments / Brake Bros Ltd / Kent Frozen Foods Ltd merger inquiry. Competition and Markets Authority, Mar.27.2018.
- ^ Sysco Agrees to Acquire Brakes Group. Press Release, Sysco Corporation, Feb.22.2016. Original archived on Nov.17.2019.
- ^ Brakes confirms Davigel acquisition talks amid Continental Europe expansion plans. Neil Ramsden, Undercurrent News, Apr.15.2015.
- ^ Bain Capital shifts M&J Seafood, two other Brakes firms into Fresh Direct JV. Undercurrent News, Nov.19.2014.
- ^ Bain Capital combines portfolio companies to form Fresh Direct. Bain Capital is combining three of its fresh food portfolio businesses – M&J Seafood, Pauleys and Wild Harvest – to form a new company, Fresh Direct. Private Equity Wire, Nov.19.2014.
- ^ Who we are. Brakes Group. Original archived on Mar.20.2019. Accessed Oct.2019.
- ^ Företagsfakta & organisation. (In Swedish.), Menigo. Original archived on Nov.15.2019. Accessed Mar.15.2019.
- ^ Profile of O'Kane Poultry Group. The Poultry Site. Accessed Oct.20.2019.
- ^ Moy Park takes a fresh approach to growth. Ulster Business. Accessed Aug.26.2010.
- ^ a b Brakes to buy Woodward Foodservice. The Grocer, Jun.30.2008.
- ^ a b Brakes Bros Ltd / Woodward Foodservice Ltd. Competition and Markets Authority, Gov.uk, Aug.19.2008.
- ^ a b Woodward Foodservice buys DBC Foodservice for £25m. Chris Druce, The Caterer, Sept.06.2006.
- ^ a b c d e Brake Bros Acquisition Ltd. Various companyfilings, Companies House. Accessed Oct.2019.
- ^ Our strategy. Ken McMeikan, Chief Executive Officer, Brakes Group. Original archived on Mar.20.2019. Accessed Oct.08.2019.
- ^ Brakes Completes Total Food Service Solution with Major Acquisition. Press Release, Brakes Bros Ltd. Original archived on Nov.12.2002. Accessed Oct.18.2019.
- ^ Recommended cash offer by Clayton, Dubilier & Rice, Inc. through CDRP Acquisition plc. Press Release, Brakes Bros plc, Jun.25.2002. Original archived on Jan.09.2003.
- ^ a b c d e Report and Accounts, 2001. Brake Bros Ltd, Dec.31.2001. Original archived on Jun.11.2003.
- ^ Brakes acquires Seafood Direct. Press Release, Brakes, Jul.25.2002. Original archived on Aug.16.2002.
- ^ Strategic fish acquisitions in Scotland. Press Release, Brakes Bros plc, Oct.01.2001. Original archived on Sept.21.2002.
- ^ Brake Bros plc announces two small transactions. Press Release, Brakes Bros plc, Mar.16.2001. Original archived on Sept.21.2002.
- ^ Another strategic acquisition in France. Press Release, Brake Bros plc, Oct.31.2001. Original archived on Sept.21.2002.
- ^ Further acquisitions double the size of Brake France. Press Release, Brake Bros plc, May.04.2001. Original archived on Sept.21.2002.
- ^ a b c Our history. Brakes Group. Original archived on Mar.20.2019. Accessed Oct.2019.
- ^ Acquisition of Cearns & Brown for £32m. Press Release, Brake Bros plc, Jul.14.2000. Original archived on Jun.29.2003.
- ^ a b Report and Accounts, 2000 Brake Bros Ltd, Dec.31.2000. Original archived on Jun.11.2003.
- ^ £44m acquisition of M&J Seafoods. Press Release, Brakes Bros plc, Mar.13.2000. Original archived on Sept.21.2002.
- ^ a b Report and Accounts, 1999 Brake Bros Ltd, Dec.31.1999. Original archived on Sept.13.2001.
- ^ £43.6m acquisition of W&P Foodservice. Press Release, Brake Bros plc, Oct.05.1998. Original archived on Sept.21.2002.
- ^ a b c d e Brake Bros Foodservice Ltd. Various company filings, Companies House. Accessed Oct.2019.
- ^ a b c d Brake Bros Finance plc: Annual Report 2004 (SEC Form 20-F) Brake Bros Ltd, Dec.31.2004. Original archived
- ^ Brakes to buy Woodward Foodservice. Ewan Turney, Morning Advertiser, Aug.27.2011.
- ^ MoD top 100 suppliers: How you each gave BAE Systems £64 last year. Datablog, SA Mathieson, The Guardian, Dec.01.2010.
- ^ Defence Food Services FAQ. Gov.uk, Mar.02.2011.
- ^ Smarter Food Procurement in the Public Sector. House of Commons Committee of Public Accounts, Parliament.uk, Feb.27.2007.
- ^ New £35m funding deal for food service company. North Wales Live, Sept.16.2009.
- ^ DBC Foodservice creditors set for £90m shortfall. Insider Media Ltd, May.24.2012.
- ^ DBC Foodservice Ltd: Statement of Administrator's Proposals. Companies House, May.16.2012. Original archived on Apr.21.2020.
- ^ Woodward Foodservice. Fast Track. Accessed Nov.10.2019.
- ^ a b Woodward Foodservice Ltd. Companies House. Accessed Nov.08.2019.
- ^ a b Iceland buys Deep Freeze Supplies. This is Money, Oct.26.1999.
- ^ a b The Big Food Group Ltd. formerly: Iceland Frozen Foods Holdings plc (Dec.1981-Jun.1993); Iceland Group plc (Jun.1993-Feb.2002); The Big Food Group plc (Feb.2002-Feb.2005). Companies House. Accessed Nov.28.2019.
FixMe: Prime Meats - was this a JV with ABP / APB ? ref