Based in Leicester, WR Refrigeration traces its origins to 1903, when Thomas Wathes started a small engineering business. In 1972 the company was bought by Peter Thurnham, a Harvard MBA who later became Conservative MP for Bolton North East. Thurnham expanded the company, largely through acquisition, until last October, when he sold the majority shareholding to the company’s management.
Today WR maintains refrigeration systems for the likes of Tesco and Marks & Spencer, helping profits grow 44% a year from £1.8m in 1999 to £5.6m in 2002.
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