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Georgia-Pacific completes purchase of Anchor Packaging
Yahoo Financeยท 2025-10-23 09:20
Core Insights - Georgia-Pacific has successfully acquired Anchor Packaging, a company specializing in rigid food containers and cling film, with the financial details of the transaction undisclosed [1] - The acquisition is expected to enhance Georgia-Pacific's growth potential through the integration of Anchor Packaging's assets and workforce [2][4] Company Overview - Georgia-Pacific operates various consumer brands including Angel Soft, Brawny, Dixie, enMotion, Quilted Northern, Sparkle, and Vanity Fair, and is based in Atlanta [4] - Anchor Packaging, now a wholly owned subsidiary of Georgia-Pacific, employs 1,250 people and has manufacturing sites in Arkansas and Wisconsin [3] Strategic Implications - The acquisition is anticipated to create a stronger supply chain and a broader product range, driven by innovation and improved customer service [4] - Fernando Gonzalez, president of Georgia-Pacific's Foodservice Solutions, expressed enthusiasm about the integration of Anchor Packaging's talented employees and operational efficiencies [2]