Menigo becomes part of Brakes Group - Europe’s leading foodservice group
Feb 26, 2010
Brakes Group will become the new principal owner of Menigo.
Brakes is one of Europe's leading suppliers of food, drinks and
equipment to the foodservice sector with a turnover of GBP 2.2
billion. Menigo will continue to operate as an independent company
in the Swedish market while benefiting from being a part of a
larger group, from the Brake Group's 50 years experience as a
focused food service supplier and its innovation capabilities.
Menigo's customers will be able to select from the combined group's
range of quality products.
- As part of Europe's most successful group in the foodservice
industry, Menigo can contribute even more to the development of our
industry in Sweden. The organisation and structure that we have
built and strengthened over the last years will remain intact, but
we will also have access to great business experience, new products
and international customer relations. We can also continue to
expand our range of locally produced products and in addition, help
to bring Swedish food products to Europe, said Fredrik Gren, CEO of
- Menigo has carried out an intensive change and development
programme within logistics, IT and purchasing in recent years. With
our strong base, we are now part of a larger group and have greater
opportunities to strengthen Menigo's customer offer and market
position in Sweden, said Jörgen Johansson, Chairman of Menigo.
- We are delighted to be able to expand Brakes geographical reach
to Sweden through our investment into Menigo. We believe that we
will be able to contribute with our extensive experience and
advantages of scale to develop the business going forward together
with Menigo's management team. We look forward to welcoming Menigo
and its employees to the Brakes Group, said Ian Goldsmith, Brakes
Chief Operating Officer.
Like Menigo, Brakes supplies all product categories, including
fresh produce, frozen foods, dry goods and non-food products and
restaurant equipment. The company currently has operations in the
United Kingdom, Ireland and France. Brakes continually invests in
product development and introduces over 200 unique value-added
products and innovations annually. In 2009, Brakes won 39 industry
awards for its new products.
Nordic Capital Fund VI will remain with 33 per cent ownership in
The transaction is subject to approval by the European Union
For more information, contact
Fredrik Gren, CEO
Menigo Foodservice Phone: +46 70 511 6499 email@example.com
Menigo is a full service wholesaler for restaurants, caterers
and convenience stores in Sweden. As one of Sweden's leading
suppliers, Menigo offers its customers a broad range of food and
beverages and restaurant equipment. Menigo has a turnover of SEK
5bn, has over 900 employees and is located in four regions in
Sweden - with presence in all metropolitan areas and throughout the
north of Sweden. Menigo's store concepts are "Time" and "Nära Dej"
- modern concepts of successful service retailers with profitable
ranges of products and a high level of service.
About Brakes Group
With over 9000 committed staff based in over 70 locations, the
Brakes Group is a leading UK, Eire and French supplier to the
catering industry. The Brakes Group's thorough understanding of
caterers' needs is underpinned by 50 years experience and a passion
for innovation, quality and service. Customers can choose from the
largest range of quality own-brand products available in
foodservice as well as a comprehensive portfolio of manufacturer
brands. Customers also benefit from the extensive offerings and
expertise available from Brakes Group specialist businesses:
M&J Seafood (the fresh fish specialist), Pauleys (fresh
produce), Country Choice (bakery products and bake-off systems to
retailers), Prime Meats (meat and poultry), Catering Equipment,
Wild Harvest (fine dining produce supplier), La Boulangerie (bread
and patisserie), Woodward Foodservice, Freshfayre, O'Kane
Foodservice, Brake France and Rault.
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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