CIC Partners to Sell L&L Foods to Peacock Engineering
L&L Foods is a leading provider of high-volume, single-serve/portion-control packages of food products. Its 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. L&L offers unique formulations, sourcing and packaging capabilities to a number of leading food brands. The company has been led by founder John Pooley, who has extensive experience in supply chain and the food industry.
After the closing, L&L Foods 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.
John Pooley, CEO and founder of L&L Foods, added, “I’m proud of what we’ve built. Becoming part of Peacock, with its strong track record and focus on delighting its customers, gives me great confidence that the company we worked so hard to build will be able to provide even greater capabilities for our customers and our people. We look forward to working with a team that shares a similar focus on collaboratively meeting customer needs.”
About L&L Foods
L&L Foods, headquartered in Anaheim, CA, is a high-volume niche food-packaging company that specializes in portion-control packaging solutions, primarily for salad kits. The company offers formulation and sourcing capabilities through direct relationships with suppliers and focuses on both component and assembly packaging. In October 2012, CIC partnered with L&L to provide the growth capital to support further growth. For more information, please visit www.llfoodsinc.com.
About CIC Partners
CIC Partners is a middle-market private equity firm that invests in growth-oriented companies primarily in the food, restaurant, healthcare and energy industries. CIC manages the personal capital of its investment team, operating partners and strategic investors and seeks to partner with owner-operators, founders and management teams. CIC looks for opportunities where it can leverage the collective experience of its investment team and its operating partners, who are successful CEOs and entrepreneurs, to guide, support and add value to portfolio companies. Based in Dallas, Texas, the firm has been generating wealth in private-equity investing for its investors and management teams for over 25 years. For additional information, please visit www.cicpartners.com.
About Peacock Engineering
Founded by Harold Peacock in 1942, Peacock Engineering Company is a focused food manufacturer and one of the largest providers of integrated supply chain and packaging solutions to the consumer food industry. The company specializes in refrigerated, frozen, and shelf-stable primary processing and packaging for many category-leading brands. Peacock operates five facilities totaling nearly two million square feet located in the greater Chicago area. For more information, please visit www.peacockeng.com.