Georgia-Pacific has reached an agreement to acquire Anchor Packaging, a St. Louis-based manufacturer of rigid food containers and cling film, from private equity firm TJC, L.P. Financial terms of the deal were not disclosed.
The transaction, announced on September 8, is expected to close later this year, subject to regulatory approvals and customary conditions. Anchor Packaging, which has operations in Arkansas and Wisconsin, has been part of TJC’s portfolio since 2019.
Anchor is one of North America’s largest thermoformers, with a reputation for award-winning product designs and custom packaging development. Its products serve restaurants, grocery chains, convenience stores and food processors, particularly in the growing meals-to-go segment.
“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.
Jeff Wolff, president and chief executive officer of Anchor Packaging, said the move would support expansion and strengthen operations. “This partnership allows us to expand our product portfolio, strengthen our supply chain and accelerate our commitment to innovation. We look forward to delivering even greater value to our customers and stakeholders.”
Fernando González, president of Dixie, described the acquisition as “a major step in building a platform for growth,” adding that it would reinforce Georgia-Pacific’s position as a provider of food and beverage packaging and tableware solutions.
Advisers on the transaction included RBC Capital Markets and Goldman Sachs for Anchor Packaging, and Nomura Securities International, Inc. for Georgia-Pacific.
