Anchor Packaging LLC, one of North America’s largest manufacturers of specialty food packaging for delivery and take-out meals, has joined forces with a private equity firm in an effort to accelerate company growth.
The partnership with The Jordan Company, a private equity firm with more than 30 years’ experience, is the first stage of Anchor’s strategic plan for growth.
“Anchor has achieved outstanding organic growth, tripling its revenue in the past 15 years,” says Jeffrey Wolff, president and CEO of Anchor. “Now, we are talking about transformative growth – broadening our geographic reach through additional manufacturing facilities, new and complementary product lines to better serve our customers, and new materials to offer our customers a broader set of solutions”.
Under the terms of the partnership, The Jordan Company will become investors in Anchor. The Hermann family, who has owned Anchor for 56 years, will also continue to have ownership in the company.
The transaction is expected to close in July.