Our Story

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.

Grandpa Nate Spungen and his partner at the time standing in front of Archer Sales at 1931 South State Street in Chicago

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.

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.

All PEER Companies moved their offices and warehouse to Wheeling, IL.

Danny Spungen’s first trip to China and Taiwan.

Glenn Spungen’s first trip to China and Taiwan.

Laurence begins building his first manufacturing facility in Xingchang, Zhejiang, China, which was completed in 1997. PEER Chain begins to explore options in Thailand.

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.

On October 1, 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.

PEER Chain releases its inaugural challenge coin for our 50th anniversary.

PEER Chain machines first finished Bore Sprocket 60B31HF X 1-7/8” KW 2SS BLK OX in Waukegan, Illinois.

The “fun bus” arrives to PEER Chain, chauffeuring customers, employees and visitors around Waukegan. One rule: the driver must wear an orange wig!

On January 6, Drew Beadle becomes President of PEER Chain to continue carrying on the success that the Spungen family had built.

Chuck Briere retires from PEER Chain after spending his entire career in the power transmission industry – where his legacy will surely live on.