Ice cream manufacturer Turkey Hill has been acquired from The Kroger Co. by an affiliate of Peak Rock Capital, a private equity firm.
Founded in 1931, Turkey Hill is headquartered in Conestoga, Pennsylvania and is operating out of an SQF Level 3 manufacturing facility. The rating highlights a comprehensive implementation of safety and quality management systems that incorporates the Food Safety Code. The company is well-known in the industry thanks to its broad product offering.
“Turkey Hill represents an exciting opportunity to invest in a premier brand with an established reputation for quality, flavor variety, and authenticity, within the large and growing ice cream and refrigerated drink space. We are impressed with the accomplishments of the business under the stewardship of Kroger, and look forward to completing a seamless transition of the business to a standalone entity and partnering with Turkey Hill’s management team to drive significant growth through continued product innovation,” said Robert Pistilli, managing director of Peak Rock.
The acquisition of Turkey Hill represents Peak Rock’s eight current investment in the food and beverage industry.