TJC (formerly The Jordan Company) has completed the sale of Anchor Packaging to Georgia Pacific. TJC acquired Anchor Packaging in July 2019 in partnership with the founding Hermann family.
Anchor Packaging manufactures rigid food containers and cling film products used by restaurants, grocery stores, food processors, and convenience stores to serve meals-to-go and packaged foods. The company’s products include Crisp Food Technologies containers for maintaining food temperature and texture, Safe Pinch and Culinary Tamper Safe tamper-evident packaging, and a variety of sustainable cling films.
Anchor Packaging, led by CEO Jeff Wolff, was founded in 1963 by Henry Hermann and is headquartered in St. Louis, Missouri. The company operates four manufacturing facilities in Jonesboro, Paragould, and Marmaduke, Arkansas; and Janesville, Wisconsin, with a total of more than 2 million square feet.
“We are thrilled to join Georgia-Pacific and start a new chapter of innovation, growth, and creating value for our customers,” said Mr. Wolff. “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.”
Georgia Pacific manufactures paper-based products, packaging, building materials, and hygiene products for both consumer and commercial markets. Company-owned brands include Angel Soft, Brawny, Dixie, enMotion, Quilted Northern, Sparkle, and Vanity Fair. The company also supplies foodservice packaging, bath tissue, paper towels, cellulose fiber, and gypsum panels to customers including retailers, distributors, and commercial operators.
“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.”
Georgia-Pacific was founded in 1927 by Owen Robertson Cheatham, and is headquartered in Atlanta, with more than 150 facilities across North America, employing approximately 30,000 people. Georgia-Pacific, led by President and CEO Mark Luetters, is a wholly owned subsidiary of Koch which acquired the company in 2005.
TJC, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders, and entrepreneurs across a range of industries including diversified industrials, industrial technology, consumer and healthcare, logistics and supply chain, and technology and infrastructure. TJC has $33 billion of assets under management, with offices in New York, Chicago, Miami, and Stamford.
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