Peak Rock Capital completed the acquisition of Turkey Hill business from Kroger.

Kroger, an American retailing company, sold its Turkey Hill business, an American brand of iced tea, ice cream and other beverages and frozen desserts, to private equity firm Peak Rock Capital for $215m. "Turkey Hill represents an exciting opportunity to invest in a premier brand with an established reputation for quality, flavor variety, and authenticity, within the large and growing ice cream and refrigerated drinks space. We are impressed with the accomplishments of the business under the stewardship of Kroger and look forward to completing a seamless transition of the business to a standalone entity and partnering with Turkey Hill's management team to drive significant growth through continued product innovation," Robert Pistilli, Peak Rock Capital Managing Director.