Georgia-Pacific is expanding its food-packaging sector capabilities with the acquisition of Anchor Packaging, boosting its presence in the manufacturing of rigid food containers and cling film in North America.
The deal will bring Anchor Packaging’s operations in Arkansas and Wisconsin under the Georgia-Pacific umbrella. In this way, the company acquires expanded thermoforming capacity as well as access to proven expertise in food-to-go packaging solutions. Anchor has been under the ownership of private equity firm TJC, formerly known as The Jordan Company, since 2019.
“Anchor Packaging will be a significant addition to Georgia-Pacific’s consumer products platform with capabilities that will especially complement our Dixie business,” said David Duncan, executive vice president of Georgia-Pacific’s Consumer Products Group.
The Anchor Packaging acquisition comes at a time when demand for convenient meal solutions is rising. Anchor’s range of products is used by grocery stores, restaurants, and convenience stores that rely on durable containers to store newly cooked food. Some of its best-known products include Crisp Food Technologies containers, which are used to keep the prepared food hot and maintain crispness for hours, making them popular in meals-on-the-go market.
Jeff Wolff, president and CEO of Anchor Packaging, shared his optimism about joining Georgia-Pacific.
“This allows us to expand our product portfolio, strengthen our supply chain, and accelerate our commitment to innovation,” he said. “We look forward to delivering even greater value to our customers and stakeholders.”
Fernando González, president of Dixie, highlighted the importance of the Anchor Packaging acquisition, calling it “a major step in building a platform for growth” that reinforces Georgia-Pacific’s long-term vision to serve as a trusted partner in innovative food and beverage packaging.
The transaction, subject to regulatory approval and standard closing conditions, is scheduled to conclude later this year. Financial details of the deal were not disclosed.