Anchor Packaging Acquires MVP Kentucky Plant
Anchor Packaging, Inc., St. Louis, acquired the Mount Vernon, Ky., thermoforming facilities and equipment previously operated by MVP, bringing the number of Anchor facilities to six, with a combined total of more than 1.6 billion square feet of manufacturing and warehousing space.
“This was very strategic acquisition for Anchor Packaging”, says Bob Hermann Jr., chief executive officer of Anchor Packaging. “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, unique to the industry. That will soon be followed by additional product lines, which will utilize the capabilities of the equipment beyond their current application.
“Our mission has been, and remains, to continually delight our customers,” says Jeff Wolff, president of Anchor Packaging. “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. 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.”
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 an additional 150 new jobs.