Peacock Engineering Company has entered into an agreement to acquire Anaheim, CA-based L&L Foods, a provider of high-volume, single-serve/portion-control packages of food products.
The transaction is expected to close by the end of July, subject to government regulatory clearance. Terms were not disclosed.
L&L products are primarily used in prepared salad packages and in fast-growing food-away-from-home venues, such as quick-serve-restaurants, cash & carry outlets and airlines. According to Peacock, L&L will become a business unit of Peacock Engineering Company, which is based in Geneva, IL. Both companies will operate as they have in the past and will work closely to maintain their high levels of customer service as they come together.
Peacock is a food manufacturer and provider of packaging and supply chain management solutions to consumer food companies.
"This is an investment in the growth of both companies' businesses,” said Tom Sampson, CEO of Peacock. “We're excited about acquiring such a high-quality company as L&L Foods. L&L has shown an ability to consistently grow at a remarkable pace by virtue of their founders' unwavering commitment to their customers. This acquisition will bring many benefits to our customers and employees, including a larger geographic footprint, access to faster growth channels and retail store locations, and enhanced overall packaging capabilities. All of this adds up to expanded capabilities to support our customers' growth."
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