Georgia-Pacific Reached Agreement to Purchase Anchor Packaging

Since 2019, it has been a portfolio company of New York-based private equity firm TJC.

SEATTLE (Scrap Monster): Georgia-Pacific announced that the company along with an affiliate of TJC, L.P. has reached an agreement under which it would purchase St. Louis, Missouri- headquartered Anchor Packaging.

The closing of the transaction is subject to necessary regulatory review and customary closing conditions and is expected later this year. The financial details of the transaction were not disclosed.

Anchor Packaging is a leading manufacturer of rigid food containers and cling film, with operations in Arkansas and Wisconsin. Since 2019, it has been a portfolio company of New York-based private equity firm TJC.

Commenting on the acquisition, David Duncan, executive vice president of Georgia-Pacific's Consumer Products Group stated that Anchor Packaging will be a significant addition to the company’s consumer products platform, complementing its Dixie business.

Jeff Wolff, president and chief executive officer of Anchor Packaging said that the company is excited to join Georgia-Pacific and embark on a new chapter of growth and innovation. The partnership will help to expand its product portfolio, strengthen its supply chain and accelerate its commitment to innovation.

RBC Capital Markets and Goldman Sachs served as advisors to Anchor Packaging in the transaction, while Georgia-Pacific was advised by Nomura Securities International, Inc.

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