UK-based snack bar manufacturer Halo Foods has been acquired by an affiliate of private equity firm Peak Rock Capital.
Headquartered in Newport, UK, Halo Foods is a manufacturer of healthy bars and snacks, including the Skinny brand of low-calorie snacks bars. The company’s full portfolio includes cereal bars, fruit and nut bars, gluten-free, high protein and nutritionally controlled bars.
Halo Foods’ snack bar portfolio is predominantly focused on the ‘better-for-you’ segment, and the company manufactures products for customers including national retailers and established international brands.
John Tague, CEO of Halo, said: “The management team of Halo has worked tirelessly to build the Company into an industry-leading provider, serving retailers and brands.
“We believe our partnership with Peak Rock will help Halo to accelerate its strong growth trajectory by drawing on their extensive experience in food and beverage and by continuing to invest in our people and capabilities.”
The acquisition of Halo Foods represents Peak Rock’s eleventh investment in the food and beverage industry in recent years. Major acquisitions include the purchase of Turkey Hill from Kroger; the acquisition of US pretzel producer Pretzels Inc, and the purchase of pizza crust manufacturer TNT Crust from Tyson Foods.
Alex Dabbous, managing director of Peak Rock Capital Europe, added: “Halo represents an exciting opportunity for us to invest in a leading provider within the growing European snacking space.
“We are excited to partner with the Company’s talented management team to grow this platform through opportunities such as expanded distribution, product innovation, investments in the Company’s operational capabilities and add-on acquisitions.”
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