Color concentrates maker Peacock Colors Inc. is increasing production as it looks for more acquisitions.
Addison, Ill.-based Peacock is adding a new Buss Kneader line by the end of September. The firm also is looking for deals after acquiring Sheboygan, Wis.-based Vortex Liquid Color Inc. in July 2020.
In a recent interview, owner Andy Ubhi said that the new line is needed to handle growth in several end markets, including medical, toys and housewares.
"Last year was a tough year, but our sales were up 20 percent," he said. "2021 is shaping up to be the biggest year in our history, with sales up another 20 percent."
The acquisition of Vortex — which continues to operate under its own name — "was great for the company," Ubhi said. "We were known for concentrates, and it's really allowed us to expand."
The 27,000-square-foot Sheboygan site has room for future growth. Peacock is just about out of space at its 25,000-square-foot Addison location.
Peacock added to its staff in February when it hired Mercedes Landazuri as technology and innovation director. Landazuri has previous experience with Techmer PM, Apex Color and other firms. She's also current recycling chair for the Society of Plastics Engineers.