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Kekst CNC works with Peak Rock Capital as it acquires Turkey Hill line of ice cream, milk, iced tea and fruit drinks from $122B supermarket giant Kroger.
The deal marks the private equity firm's eighth acquisition in the food & beverage industry sector.
Robert Pistilli, managing director of PRC, said the deal is 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."
Turkey Hill, which has its production facility in Conestoga, PA, markets its products through the retail, foodservice and alternative channels. It employs about 800 workers.
The deal is expected to close by the end of May.
Kekst CNC’s team includes Daniel Yunger, Cathryn Vaulman and Simone Leung.
Publicis Groupe owns Kekst CNC.
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