Kroger exploring options, including possible sale, for Turkey Hill business
Kroger announced that the company is exploring strategic alternatives for its Turkey Hill business, including a potential sale. Turkey Hill produces a full line of popular iced teas, fruit drinks, milk, frozen dairy treats and a variety of ice cream in its Conestoga, Penn., manufacturing and distribution facility. Erin Sharp, group vice president for Kroger Manufacturing, said, "Turkey Hill's successful and recognizable ice cream and beverage products have the potential for greater growth outside of our company. We want to ensure Turkey Hill has every opportunity to meet its full potential...We believe it is in the best interest of our associates, the Turkey Hill business, and our shareholders to explore this course of action." The company has hired Goldman Sachs & Co. to identify, review and evaluate the options.