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Anchor Packaging announced the acquisition of a 423,000-square-foot manufacturing and warehousing facility in Jonesboro, Arkansas, from Quad Graphics.
This latest acquisition brings the number of Anchor facilities to eight, with a combined total of more than 2 million square feet of manufacturing and warehousing space.
“This acquisition provides the space necessary to support our continued growth for the next several years,” says Robert R. Hermann Jr., chairman and CEO of Hermann Companies, Anchor’s parent. “With this additional facility, Anchor has created ‘Centers of Excellence’ across our six manufacturing plants, with specializations in thermoforming, injection molding, multilayer film extrusion, blown film,printing, and trim-in-place technologies.”
Anchor’s rapid organic growth, combined with solid financial performance, has allowed the company to pursue attractive acquisition opportunities.
In addition to the most recent purchase, Anchor acquired the equipment assets of MVP plastics and obtained a manufacturing facility in Kentucky within the past 10 months.
With the addition of the Jonesboro facility, Anchor will now have six separate manufacturing locations with thermoforming capabilities.
This will provide logistical efficiency for Anchor’s customers, as well as insurance against supply chain interruption, in case of a natural disaster.
Other Anchor Packaging container production locations include 310,000 square feet in Paragould, Arkansas, and 165,000 square feet in Mt. Vernon, Kentucky; film production in 230,000 square feet at Marmaduke, Arkansas, and 130,000 square feet in Argentina; and distribution in 100,000 square feet at the Marmaduke distribution center and a 45-acre, 700,000-square-foot distribution center in Paragould, Arkansas, that consolidates products to provide a single centralized ship point.
Anchor Packaging’s products include upscale take-out packaging used for merchandising prepared ready-to-heat meals in supermarkets and take-out meals in restaurants and other foodservice operations.
The Roaster Series, Incredi-Bowls, Culinary Classics, Culinary Basics, MicroRaves, MicroRounds, Gourmet Classics, Microlite, BonFaire, Crystal Clear, Crystal Classics, and AnchorFoil are among Anchor’s unique product lines that also include foil and film.
Custom package design and manufacture is providedfor many large food companies in the United States, Canada, South America, Europe, and Australia.