Anchor Packaging LLC, St. Louis, Mo., announced a partnership with The Jordan Co., a New York-based private equity firm, to help accelerate growth in consumer package solutions.
“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 Co. will become investors in Anchor.
“Anchor has been, and continues to be, a family business,” says Robert Hermann Jr., chairman and CEO of Hermann Cos., Anchor’s parent company. “We are excited to partner with The Jordan Co. to help fuel Anchor’s continued growth and increase our trajectory. The Jordan Co. possesses many of the same values, ethics and long-term orientation that has been a hallmark of Anchor.”
“We are thrilled to be partnering with the Anchor management team, alongside the Hermann family, to support the company’s enhanced growth plans. Anchor is a best-in-class sustainable packaging business, servicing a world-class customer base. We plan to invest further in the business to support organic growth and continued new product development,” adds Mike Denvir, partner at The Jordan Co.