LANCASTER, PA. – Turkey Hill LLC has acquired an ice cream manufacturing plant in Searcy, Ark., from Yarnell Ice Cream LLC, a business unit of Schulze & Burch Biscuit Co. Terms of the acquisition were not disclosed. As part of the agreement, Turkey Hill will co-manufacture ice cream for Yarnell Ice Cream.
The plant is 100,000 square feet and has the capability to manufacture different sizes and formats of ice cream and novelty products. The acquisition expands Turkey Hill’s geographical reach, according to the company.
“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,” said Tim Hopkins, chief executive officer.
The private equity firm Peak Rock Capital acquired Turkey Hill from the Kroger Co. in April 2019.
“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,” said Rob Pistilli, managing director of Peak Rock Capital. “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.”