Turkey Hill acquires facility in Arkansas from Yarnell Ice Cream

US-based ice cream manufacturer and distributor and Peak Rock Capital portfolio company Turkey Hill has acquired an ice cream and novelty production facility from Yarnell Ice Cream, a subsidiary of Schulze & Burch Biscuit Company.

Financial details of the acquisition have not been disclosed by either company.

Turkey Hill CEO Tim Hopkins said: “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.”

Located in Searcy, Arkansas, the 100,000ft² facility is engaged in the production of ice cream, as well as frozen novelty products in various sizes and formats.

With the addition of the new plant, Turkey Hill not only aims to enhance its manufacturing capacity but also intends to increase its geographic reach.

Peak Rock Capital managing director Rob Pistilli 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.”

Turkey Hill currently operates a facility in Conestoga, Pennsylvania, to produce ice cream and refrigerated drinks.

At its Conestoga facility, the company has been implementing its previously announced investment plan, which includes expansion of production capacity, the addition of new workforce and facility enhancements.

In addition to the acquisition, Turkey Hill entered a co-manufacturing agreement to produce ice cream for the Yarnell’s brand, which will be retained by Schulze & Burch Biscuit Company.

Last May, Peak Rock Capital’s affiliate acquired ice cream manufacturer and distributor Turkey Hill Dairy from Kroger for $215m.