ST. LOUIS (April 12, 5:20 p.m. ET) — Anchor Packaging Inc. has purchased a thermoforming plant and equipment in Mount Vernon, Ky.
The plant and its equipment were previously owned and operated as MVP, as Alcoa Inc.'s Mount Vernon Packaging business.
The Mount Vernon plant will initially produce polypropylene deli cups and lids, injection-molded polyethylene lids, and a new line of deli containers. The facility will soon expand to include additional product lines, according to a news release from St. Louis-based Anchor.
Plasticware LLC of Valley Cottage, N.Y., took over the Mount Vernon plant in 2007, but the facility has since closed. According to Anchor, initial production should start again in 60-90 days, and the plant will begin shipping selected products later this year.
Once it is operating full-scale, the plant is expected to employ 150, according to Anchor.
Anchor said the acquisition was strategic, and allows the company to offer customers a broader range of technologies. Anchor has now added trim-in-place, injection molding and printing capabilities, in addition to its traditional focus on inline thermoforming.
The new site also offers Anchor an additional manufacturing site for contingency planning purposes, and allows the company to vertically-integrate its deli cup product line.
Anchor is a thermoformer and film maker. The company now operates six facilities worldwide with a combined total of more than 1.6 million square-feet of warehouse and manufacturing space.