ATLANTA and ST. LOUIS and NEW YORK (News release) -- Georgia-Pacific and an affiliate of TJC, L.P. ("TJC") announced that they have reached an agreement under which Georgia-Pacific would purchase Anchor Packaging, a leading manufacturer of rigid food containers and cling film for the food service, retail and processor channels. Anchor Packaging is headquartered in St. Louis, Missouri, and has operations in Arkansas and Wisconsin. Since 2019, Anchor Packaging has been a portfolio company of TJC (formerly known as The Jordan Company), a New York City-based private equity firm.

Closing of the acquisition, subject to regulatory review and customary closing conditions, is anticipated later this year. Financial details of the agreement are not being disclosed.

"Anchor Packaging will be a significant addition to Georgia-Pacific's consumer products platform with capabilities that will especially complement our Dixie business," said David Duncan, executive vice president of Georgia-Pacific's Consumer Products Group. "Anchor's talented teams are committed to understanding customer needs and delivering innovative and differentiated solutions to support the needs of the growing food-to-go market."

"We are excited to join Georgia-Pacific and embark on a new chapter of growth and innovation," said Jeff Wolff, president and chief executive officer of Anchor Packaging. "This partnership allows us to expand our product portfolio, strengthen our supply chain and accelerate our commitment to innovation. We look forward to delivering even greater value to our customers and stakeholders."

"This is a major step in building a platform for growth," said Fernando González, president of Dixie. "Adding Anchor Packaging to Georgia-Pacific's portfolio aligns perfectly with our vision to be a preferred partner in providing innovative food and beverage packaging and tableware solutions to our customers. We are excited to welcome the Anchor Packaging team to Georgia-Pacific."

Anchor Packaging was advised by RBC Capital Markets and Goldman Sachs, and Georgia-Pacific was advised by Nomura Securities International, Inc. in this transaction.

About Georgia-Pacific
Based in Atlanta, Georgia-Pacific and its subsidiaries are among the world's leading manufacturers and marketers of bath tissue, paper towels and napkins, tableware, paper-based packaging, cellulose and building products. Our familiar consumer brands include Angel Soft®, Brawny®, Dixie®, enMotion®, Quilted Northern®, Sparkle® and Vanity Fair®. Georgia-Pacific has long been a leading supplier of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers. Its Georgia-Pacific Recycling subsidiary is among the world's largest traders of paper, metal and plastics. The company operates more than 150 facilities, employs approximately 30,000 people directly, and creates more than 80,000 jobs indirectly. For more information, visit: gp.com/about-us. For news, visit: news.gp.com. Follow Georgia-Pacific on LinkedIn, Meta, Instagram, X and YouTube.

About Anchor Packaging

Founded in 1963, Anchor Packaging is one of the largest thermoformers in North America and is best known for its award-winning product designs and custom packaging development capabilities. As consumers continue moving toward meals to go, Anchor innovates to empower restaurants, grocery stores, convenience stores, and all foodservice operators to serve this growing demand profitably. Anchor products include Crisp Food Technologies^® containers to keep prepared food hot & crispy for hours in a heated display and 30 minutes on the go, Safe Pinch^® and Culinary Tamper Safe^® tamper-secure containers to provide additional safety for food to go, and many more pioneering lines of containers and cling film designed to protect food and offer consumers sustainable choices after use. Anchor Packaging containers are proudly produced in the USA.

About TJC
TJC, L.P., formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Diversified Industrials, Industrial Technology, Consumer & Healthcare, Logistics & Supply Chain and Technology & Infrastructure. With $33.2 billion of assets under management as of June 30, 2025, TJC is managed by a senior leadership team that has invested together for over 23 years on over 85 investments. TJC has offices in New York, Chicago, Miami and Stamford. For more information, please visit www.tjclp.com.