Peak Rock Capital to acquire Kroger's Turkey Hill business
Turkey Hill produces a full line of milk, frozen dairy treats and ice cream products.
Peak Rock Capital, an Austin, Texas-based middle-market private equity firm, announced plans to acquire Kroger's Turkey Hill business. As part of the agreement, a Peak Rock Capital affiliate will continue to operate the Turkey Hill business out of its Conestoga, Pa., facility with its nearly 800 associates and under the same Turkey Hill brand.
"We believe this is the right step to ensure the Turkey Hill business can meet its full potential and continue to grow its successful ice cream and beverage brands," says Erin Sharp, group vice president for Kroger Manufacturing, Cincinnati. "Throughout this process, we were extremely impressed with Peak Rock's professionalism and vision for the future of the Turkey Hill business. We look forward to working with them to ensure a smooth and successful transition for all parties."