Anchor Packaging Celebrated First 50 Years in 2013
Anchor Packaging, the 8th largest plastic packaging thermoformer in North America, celebrated the first 50 years in business with a rich heritage of rapid growth, quality and financial stability. At a time when the U.S. thermoforming industry is undergoing dramatic consolidation and isolated bankruptcies, Anchor Packaging remains as a successful, privately-held entity with a strong balance sheet.
The company began operation in 1963 as a converter of plastic film and expanded operations in 1978 to include thermoforming, sheet extrusion, and blown film. In 1985, a new manufacturing facility was constructed in Paragould, Arkansas to accommodate the thriving thermoforming business. As business continued to grow at a rapid pace, the facility was expanded several times until it reached its current capacity of 310,000 sq. ft. To accommodate its film business, Anchor established a 160,000 sq. ft. production facility in Marmaduke, Arkansas in 1990.
Anchor has made several strategic acquisitions over the years including Innovative Plastics, the MicroLite division of Amoco, the BonFaire division of Placon Corporation, Mount Vernon Plastics (MVP) in Mt Vernon, KY in 2012, and in February 2013, a Jonesboro, AR manufacturing and warehousing facility. The Borden Chemical Argentina film operation acquisition in 1998 allowed Anchor to broaden exposure in South America, as well as to service Europe from that location.
North American shipments are handled through a 45-acre distribution center in Paragould, AR which consolidates products to provide a single centralized ship point. Anchor facilities total 2 million square feet which not only provide logistical efficiency, but also insures against supply chain interruptions with diversified manufacturing across six separate locations.
The seeds planted in 1963 have grown into a thriving company with strong roots in extrusion, thermoforming, injection molding, blown film, printing, and trim-in-place technologies. Anchor Packaging looks ahead to the next 50 years, as it continues to expand in existing markets and pursue opportunities to reach new markets.
The Anchor mission has been, and remains, to continually delight our customers. The company is well positioned for a virtually-unlimited horizon of new product possibilities and expects to continue the legacy of meeting customer requirements with innovation and packaging solutions that make them successful.