Peak Rock Capital acquires Welsh healthy snack firm

  • 1 October 2020
Halo Foods is the eleventh acquisition by the Texas-based private investments firm in the food and drink space
Nut and seed bars on a white background
Photo as seen on Halo Foods’ Facebook page

Peak Rock Capital has acquired Newport, Wales-based Halo Foods, which manufactures healthy bars and snacks, including cereal bars, fruit and nut bars, gluten-free, and high-protein and nutritionally controlled bars including its Skinny brand. Peak Rock Capital is a US middle-market private investment firm and Halo is its eleventh investment in the food and drink space.

Halo has a diverse customer base, including national retailers and established international brands.

Alex Dabbous, managing director of London-based 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 of Halo, added: “The management team of Halo has worked tirelessly to build the company into an industry-leading provider, serving retailers and brands. 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 of Peak Rock Capital based in Austin Texas, 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.”