By Sandra M. Jones | Peerless Industries Inc., a manufacturer of audio visual equipment, said it is closing its China plant and consolidating operations at a new 22.5-acre headquarters campus in Aurora, a move aimed at cutting costs and exerting more control over operations.
The Melrose Park-based company plans to begin manufacturing at the site in May. The move to the 307,813-square-foot office complex replaces four older buildings in Illinois along with the plant in China, the company said.
“We need more space, we want to merge all operations to reduce operating expenses, and we are committed to being environmentally responsible as well as returning all manufacturing to the U.S. to shorten lead times and regain complete control,” said Michael A. Campagna, president and chief operating officer of Peerless.
The new headquarters has received green building certification. Peerless also plans a series of environmental upgrades, including solar panels and wind turbines, to reduce energy costs. Heat from powder coating ovens will be recycled to heat the plant in winter.
Peerless was founded in Melrose Park 68 years ago. In 2009, it expanded into the United Kingdom with the acquisition of BBG Distribution Ltd., a European audio and visual equipment distributor.