Greencore Group has acquired Peacock Foods from affiliates of Charlesbank Capital Partners for an undisclosed sum.
Based in Geneva of Illinois, Peacock Foods provides packaging and supply chain management solutions to the consumer food companies in the US.
With seven even manufacturing facilities in the US, the firm offers refrigerated, frozen, and ambient primary processing and packaging solutions for many reputed brands.
In 2015, Peacock acquired L&L Foods, which provides single-serve/portion-control packages for food products.
The acquisition enabled the firm to expand its operations in the growing end-markets, including prepared salad kits and away-from-home products.
Peacock has also added a new West Coast facility to support its business and expand the services for other customers.
The food manufacturer provides services to the customers such as Tyson Foods, KraftHeinz and Dole.
Charlesbank managing director Ryan Carroll said: “We are gratified to have had the opportunity to partner with Tom Sampson and his exceptional team to build on Peacock's industry-leading position and well-deserved record of success.
Peacock Foods CEO Tom Sampson said: "We have enjoyed a terrific partnership with Charlesbank and appreciate their valuable support and insight over the past several years.
"Together we have strengthened customer relationships, won important new business, significantly improved our operations and expanded our capabilities — while maintaining our reputation for outstanding quality, food safety and service.”
Image: Peacock Foods' packaging equipment. Photo: courtesy of Marketwired / Charlesbank Capital Partners.