UK – Halo Foods, a snack bar manufacturer, has been acquired by an affiliate of private equity firm Peak Rock Capital, a leading middle-market private investment firm, in partnership with the management team of Halo.
The acquisition of Halo Foods Ltd represents Peak Rock’s eleventh investment in the food and beverage industry in recent years.
“Halo represents an exciting opportunity for us to invest in a leading provider within the growing European snacking space,” Alex Dabbous, Managing Director of Peak Rock Capital Europe, said.
“We are excited to partner with the Company’s talented management team to grow this platform through opportunities such as expanded distribution, product innovation, investments in the Company’s operational capabilities and add-on acquisitions.”
“We believe our partnership with Peak Rock will help Halo to accelerate its strong growth trajectory by drawing on their extensive experience in food and beverage and by continuing to invest in our people and capabilities.”
John Tague – Chief Executive Officer, Halo
Headquartered in Newport, Wales (UK), Halo is a leading manufacturer of healthy bars and snacks, with an extensive portfolio that includes cereal bars, fruit and nut bars, gluten-free, high protein and nutritionally controlled bars, including the rapidly growing “Skinny” brand.
“The management team of Halo has worked tirelessly to build the Company into an industry-leading provider, serving retailers and brands,” said John Tague, Chief Executive Officer of Halo.
“We believe our partnership with Peak Rock will help Halo to accelerate its strong growth trajectory by drawing on their extensive experience in food and beverage and by continuing to invest in our people and capabilities.”
Halo has a diverse customer base including national retailers and established international brands. Halo has built an outstanding reputation for providing excellent customer service and exceptional product quality with a focus on the better-for-you segment.
“This transaction is another example of Peak Rock’s deep experience in the food and beverage segment,” Anthony DiSimone, Chief Executive Officer of Peak Rock Capital, added.
“We will continue to seek additional platform investments within the industry across Europe and North America, as well as add-on acquisitions that we believe could benefit from our ability to drive rapid growth and improve performance.”
Halo Foods Ltd. is a leading manufacturer of healthy bars and snacks. Based in Newport, Wales, the Company manufactures fruit and nut, cereal, gluten-free, nougat, high-protein and nutritionally controlled bars for a diverse, blue-chip customer base that includes leading retailers and international snack brands.
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe.
Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and profit improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital.
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