A Pennsylvania-based ice cream manufacturer and distributor has acquired a Yarnell ice cream production facility in Searcy.
Turkey Hill LLC has purchased a 100,000 square foot production facility from Yarnell Ice Cream as part of a planned company expansion. According to a company news release, the new facility acquisition is designed to expand “Turkey Hill’s production capacity, capabilities and geographic reach.”
According to a company spokesperson, the facility will support multiple ice cream format, including novelities, pints, sundae cups, three gallon tubs, 48 oz. containers and 56 oz. containers.
Turkey Hill and Yarnell have entered into a co-manufacturing agreement in which Turkey Hill will produce ice cream for the Yarnell brand. However, Yarnell’s brand will be maintained by Schulze & Burch Biscuit Company.
Rob Pistilli, managing director of Peak Rock Capital, which owns Turkey Hill, called the acquisition a “significant capacity expansion” for the company.
“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 CEO Tim Hopkins said in a statement.
Turkey Hill was acquired by Peak Rock Capital in 2019, with the transaction finalizing in April 2019. Peak Rock Capital is a middle-market private equity firm headquartered in Austin, Texas.
The terms of the acquisition have not been disclosed.
Image courtesy of Google Maps