Halo Foods acquired by investment firm Peak Rock

By Michelle Perrett

- Last updated on GMT

alo Foods has been acquired by Peak Rock
alo Foods has been acquired by Peak Rock

Related tags: Ambient

Welsh snack manufacturer Halo Foods has been acquired by investment firm Peak Rock Capital.

The deal, which has been made in partnership with the management team of Halo, gives Peak Rock a business within the European snacking space. 

The investment company said it would partner with the company to grow through areas such as expanded distribution, product innovation, investments in operational capabilities and add-on acquisitions.

Halo, based in Newport, Wales, is a manufacturer of healthy bars and snacks, with a portfolio that includes cereal bars, fruit and nut bars, gluten-free, high protein and nutritionally controlled bars, including its "Skinny" brand. It has a diverse customer base including national retailers and established international brands. 

Opportunity

Alex Dabbous, managing director of Peak Rock Capital Europe, said: "Halo represents an exciting opportunity for us to invest in a leading provider within the growing European snacking space. 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."

John Tague, chief executive Officer of Halo, said:  "The management team of Halo has worked tirelessly to build the Company into an industry-leading provider, serving retailers and brands. 

Strong growth

“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​.”

Anthony DiSimone, chief executive officer of Peak Rock Capital, added: "This transaction is another example of Peak Rock's deep experience in the food and beverage segment.  

“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​."

The acquisition of Halo Foods represents Peak Rock's eleventh investment in the food and beverage industry in recent years.

Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe.  

Related topics: Ambient foods

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