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Today, Anchor Packaging announced the acquisition of the Mount Vernon, Kentucky, thermoforming facilities and equipment, previously operated by MVP.
This latest acquisition, combined with Anchor’s track record of organic growth, now brings the number of Anchor facilities to six, with a combined total of more than 1.6M square feet of manufacturing and warehousing space.
“This was very strategic acquisition for Anchor Packaging,” says Bob Hermann Jr., CEO of Anchor.
“We have now added trim-in-place, injection molding, and printing capabilities to our portfolio, along with our traditional focus on inline thermoforming. This will allow us to reach new markets, as well as better serve our existing customers, by offering a broader range of technologies to meet their needs.”
The Mount Vernon facility will initially produce polypropylene deli cups and lids, injection-molded polyethylene lids, and a new line of deli containers, unique to the industry.
That will soon be followed by additional product lines, which will utilize the capabilities of the equipment beyond its current application.
“This acquisition allows us to offer an additional manufacturing site, for contingency planning purposes, while also allowing us to become vertically integrated on our Deli Cup product line,” says Jeff Wolff, president of Anchor Packaging. “Beyond that, we see a virtually-unlimited horizon of new product possibilities, once the capabilities of this site are combined with our core strengths in our existing operations.”
The new operation will commence initial production within 60-90 days, and begin shipping selected products later this year. Full-scale production is expected to provide new jobs in the area for approximately 150 residents of the Mount Vernon area.
Over the past seven years, Anchor Packaging has grown substantially, with the addition of several hundred new innovative custom and stock products for restaurant and retail operators.
In an effort to better serve the retail and foodservice segments, Anchor Packaging announced today the appointment of Bob Brannen to the newly created position of director, national accounts, North America.
Brannen joins Anchor Packaging after spending a combined 20 years with the Pactiv Corporation, where he held positions with varying degrees of responsibility including national accounts manager, and most recently, director of sales, supermarket and processor.
Before working at Pactiv, Brannen worked for the Quaker Oats Corporation.
Brannen will report to David Johnson, executive vice president, sales.
“With Bob’s strong food industry and packaging experience, we are confident he will help us continue with our unparalleled growth in these areas,” Johnson says.
Reporting directly to Brannen will be Marianne Hilton, director, national accounts, retail; and Frank Baumann, director, national accounts, foodservice, as well as their respective organizations.