Trade Resources Company News Anchor Packaging Announces The Acquisition of MVP Facility

Anchor Packaging Announces The Acquisition of MVP Facility

Anchor Packaging has announced the acquisition of the Mount Vernon, Kentucky thermoforming facilities and equipment in the US. The facility will initially produce polypropylene deli cups and lids, injection-molded polyethylene lids, and a new line of deli containers.

According to the company, the production will be followed by additional product lines, which will use the capabilities of the equipment, beyond their current application.

Initial production at the new operation is expected to begin within 60-90 days, and shipping of selected products will begin later this year, the company said.

With the latest acquisition, Anchor has now six facilities, with a combined total of more than 1.6mm square feet of manufacturing and warehousing space.

Anchor Packaging CEO Bob Hermann Jr said the company's portfolio now includes trim-in-place, injection molding, and printing capabilities, along with its focus on inline thermoforming, which provides access to new markets.

The acquisition of the facility, which was previously operated by MVP, allows Anchor to offer an additional manufacturing site for contingency planning purposes.

Source: http://closures.packaging-business-review.com/news/anchor-packaging-buys-mvp-facility-120412
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Anchor Packaging Buys MVP Facility