Peacock Adds an Additional Facility!!!

Peacock is pleased to announce that in addition to our three existing facilities, totaling nearly 600,000 square feet, Peacock has just signed a long-term lease on an additional facility ideally located within twenty miles of our current buildings. (VIEW MAP) Peacock has expanded its size and greatly increased its production capabilities with the addition of a new facility in Bolingbrook, IL.

This new building is a massive 460,000 square feet (giving us well over 1,000,000 square feet of space), the new facility will significantly enhance Peacock's packaging capabilities and bring additional state of the art equipment.

The entire building is 36 feet clear, with 48 docks, all fiber-optics, with tons of space for our rapidly growing production department!!

Peacock's bright future ...

Behrman Capital, a private equity investment firm based in New York and
San Francisco, has acquired Peacock Engineering Company, in partnership with existing management, for $172.5 million.

With Peacock's annual sales surpassing the $200 million mark last year, Behrman Capital, considers Peacock a blue-chip acquisition.

“Under the leadership of the Peacock Engineering team, the Company has enjoyed dramatic growth in recent years” said Grant Behrman, founder and managing partner of Behrman Capital. “Peacock's business model has many extremely attractive elements, including a differentiated manufacturing approach, superior operating expertise and a true culture of partnership with its customers. We are very excited to be able to support the Company's future growth plans”

In acquisitions such as these, the question of restructuring and layoffs arise, but Behrman quickly dismissed such ideas.

“On the contrary,” Behrman said. “Our focus is to buy and build. We hope to aggressively help management build the business both organically and through acquisitions.”

He said none of the 250 full-time or 550 temporary positions will be cut and that Peacock President Michael Bilder and his management team will stay onboard.

Bilder said he anticipates a quick acceleration in his company’s growth under new ownership, and there’s certainly ample infrastructure. With the recent addition of the Carol Stream facility that makes four plants and more than 800,000 square feet of space. Peacock’s aiming for $300 million in sales this year!

“Behrman Capital has a distinguished track record of helping mid-market companies such as ours continue to grow by providing access to best-in-class financial and operational expertise,” Bilder said in the statement.

Featured in Packaging Digest for Checkweigher Accuracy

Weighment accuracy takes wing as contract packager Peacock Engineering reaches accuracy goals with checkweighers that have the features, flexibility and speed the company needs at a cost it can live with.

Click here for complete article

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Peacock received Best in Class recognition as Kellogg's Outstanding Supplier from the Procurement Department for going above and beyond expectations on Quality inspections.

Click here to view award.

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"Mike Bilder joined Peacock as an Executive Vice President in 1996, and became President a year later.  Michael set clear strategies for Peacock, including focusing on food packaging only, which meant discontinuing nonfood items, and creating partnerships and alliances with major food manufacturers, providing them with specialized packaging solutions to meet their specific needs.  In six years, Mike Bilder's impact has certainly been felt - sales have more than quadrupled." click here to view the award

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