Founded in 1958, Brakes has expanded rapidly since it was acquired by Bain Capital, which bought a majority stake from Clayton, Dubilier & Rice in 2007 for £1.3bn. The company supplies groceries and chilled and frozen food, as well as kitchen equipment to the catering industry. It refinanced £900m of debt in December, giving it room to invest in converting depots to multi-temperature facilities and upgrade its IT systems. Ken McMeikan, 48, former boss at the high-street baker Greggs, became chief executive in April to lead the expansion.
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