As a result of the acquisition, Georgia-Pacific acquired all of the equity of Anchor Packaging held by investors in the company including TJC (formerly known as The Jordan Company), a New York City-based private equity firm that has been the lead investor in the company since 2019. Anchor Packaging is a leading manufacturer of rigid food containers and cling film for the food service, retail and processor channels.

The acquisition includes Anchor Packaging's four manufacturing facilities in Jonesboro, Marmaduke and Paragould, Arkansas, and Janesville, Wisconsin, and the headquarters office in St. Louis, Missouri. Operated by approximately 1,250 employees, Anchor Packaging and its facilities now become a wholly owned subsidiary of Georgia-Pacific in the acquisition.

"We are very excited to welcome the talented employees of Anchor Packaging to our company," said Fernando Gonzalez, president of Georgia-Pacific's Foodservice Solutions business. "They, along with the quality assets, efficient operations and excellent customer service model, provide a great platform for continued growth of our business."

Jeff Wolff, president and CEO of Anchor Packaging, added, "We are thrilled to join Georgia-Pacific and start a new chapter of innovation, growth, and creating value for our customers. Together, we offer a larger product range, unique strengths, and a stronger supply chain, all driven by a fast-paced innovation approach. By working together, we aim to shape the future of foodservice packaging with passion, purpose, and high performance."