Kroger mulls possible sale of Turkey Hill business unit
CINCINNATI (AP) — Kroger says it is exploring the possible sale of a business unit that produces ice cream and beverages.
The Cincinnati-based company says it has hired Goldman Sachs to evaluate a “potential sale” of the Turkey Hill business unit, which employs almost 800 people. The Cincinnati Enquirer reports Turkey Hill produces a variety of ice creams, milk and fruit drinks at its facility in Conestoga, Pennsylvania.
The Kroger Co. owns 38 food manufacturing plants — including 19 dairies — which produce the supermarket company’s portfolio of house brands.
The potential divestiture comes after Kroger announced last year that it planned to sell off its convenience store business.
Kroger Manufacturing official Erin Sharp says Turkey Hill’s products “have the potential for greater growth outside of our company.”
Information from: The Cincinnati Enquirer, http://www.enquirer.com