1944
Archer Sales Company, the precursor to PEER Chain, opened between 1942-1944. We know that our Uncle Oscar sent a telegram to Grandpa Nate Spungen at the storefront location from a post on the German front during WWII.
1948
Grandpa Nate Spungen and his partner at the time standing in front of Archer Sales at 1931 South State Street in Chicago
1969
PEER Chain was incorporated on July 9, 1969 as a separate division under the PEER umbrella which soon added several industrial-related companies as well. All companies were based out of 1818 South Wabash in Chicago.
1970
The four cousins (left to right) Glenn, Jeffrey, Danny and Charles, sit together, unknowing that they will be the future of PEER Chain.
1973
Laurence was a pioneer in exploring business options in China when he and his wife Florence climbed the Great Wall. PEER Chain develops a solid foundation of supply from Taiwan.
1978
All PEER Companies moved their offices and warehouse to Wheeling, IL.
1981
Danny Spungen’s first trip to China and Taiwan.
1984
Glenn Spungen’s first trip to China and Taiwan.
1995
Laurence begins building his first manufacturing facility in Xingchang, Zhejiang, China, which was completed in 1997. PEER Chain begins to explore options in Thailand.
1999
After 20 years in Wheeling, IL, the PEER companies move all operations to Waukegan, IL. PEER Chain moved into a 155,000 square foot complex in 2001.
October 1, 2012
Glenn Spungen joins his brother Danny and cousins Charles and Jeffrey and becomes President of PEER Chain. Photo (left to right): Glenn, Jeffrey, Danny and Charles.
