US food and beverage brand Turkey Hill has announced a significant ice cream expansion with the acquisition of a large production facility in Arkansas.
The 100,000 square foot site will enable the company to manufacture high-quality ice cream and novelty frozen products, expanding Turkey Hill’s production capacity, capabilities and geographic reach.
The facility was acquired from Yarnell Ice Cream, a subsidiary of Schulze & Burch Biscuit Company.
An affiliate of Peak Rock Capital acquired Turkey Hill in April 2019, in order to expand capacity and personnel, investments across existing production lines, and facility enhancements to support its associates.
Rob Pistilli, managing director of Peak Rock Capital, said: “We are delighted that Turkey Hill has closed this acquisition. This investment comes with significant capacity expansion and novelty production capabilities that will enhance Turkey Hill’s brand appeal and ability to service and grow its loyal customer base.
“We are enthusiastic about Turkey Hill’s progress to-date, and this investment is a testament to Peak Rock’s support of the Company’s continued growth and expansion.”
Tim Hopkins, CEO of Turkey Hill, added: “The addition of this facility in Arkansas highlights the Company’s commitment to geographic expansion.
“Over the last year, Turkey Hill has experienced strong and growing consumer demand nationwide, and the strategic location of this facility will enable us to serve consumers across the United States for years to come. We look forward to welcoming the employees at the Searcy facility to our Turkey Hill family.”
Turkey Hill’s portfolio already includes one of the largest production facilities of ice cream and refrigerated drinks in the country, based in Conestoga, Pennsylvania, which is powered by 100% renewable energy.
In parallel to the transaction, Turkey hill has entered into a co-manufacturing agreement whereby it will continue to produce ice cream for the Yarnell’s brand, which will be retained by Schulze & Burch Biscuit Company.
© FoodBev Media Ltd 2020
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