Peak Rock Capital completes Turkey Hill business acquisition from Kroger
Kroger Co has closed the sale of its Turkey Hill business to Peak Rock Capital. The transaction was for a consideration of $215 million. Goldman Sachs was financial adviser to Kroger on the transaction. According to the terms of the deal, Peak Rock has agreed to continue operating the Turkey Hill business out of its Conestoga, Pennsylvania facility with its nearly 800 associates and under the same Turkey Hill brand. Turkey Hill is a producer of ice cream products, iced teas, lemonades, fruit drinks and dairy products.
29 April 2019•2 mins read
