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Anchor Packaging acquires MVP Kentucky plant

Anchor Packaging Inc. has bought the Mount Vernon, KY thermoforming facilities and equipment, previously operated by MVP. This latest acquisition brings the number of Anchor facilities to six, with a combined total of more than 1.6 million sq-ft of manufacturing and warehousing space.

Anchor Packaging Inc. has bought the Mount Vernon, KY thermoforming facilities and equipment, previously operated by MVP. This latest acquisition brings the number of Anchor facilities to six, with a combined total of more than 1.6 million sq-ft of manufacturing and warehousing space.

"This was very strategic acquisition for Anchor Packaging," stated Bob Hermann Jr., CEO of Anchor, in the news release. "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, along with additional product lines.

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.

"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," stated 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."

Over the past seven years, Anchor Packaging has added several hundred new custom and stock products for restaurant and retail operators. Anchor provides custom package design and manufacture for many food companies in the U.S. and Canada.

Its product line includes a variety of take-out packaging used in restaurants and other foodservice operations, as well as containers for merchandising prepared ready-to-heat meals in supermarkets deli cup containers, and all-purpose foodservice cling wrap.

TAGS: Packaging
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