Anchor Packaging Launches $ 21.5M Enlargement of Paragould | Arkansas Enterprise Information

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Foodservice packaging maker Anchor Packaging LLC on Tuesday kicked off a $ 21.5 million, 90,000 sq. foot growth of its Paragould plant that may create 45 new jobs over the subsequent two and a half years.

Anchor employs over 1,000 individuals and operates 2 million sq. ft of manufacturing and distribution area at six services in Paragould, Marmaduke and Jonesboro.

The corporate plans to finish the growth by the top of the 12 months.

“Anchor Packaging has a wealthy 58-year historical past in meals safety, together with shifting its manufacturing operations to communities in northeast Arkansas over 35 years in the past,” stated the CEO and President Jeff Wolff in a press launch. “I’m proud to say that we have now by no means been made redundant. Reinvestment within the area comes naturally as we have now distinctive staff, many second and third generations, related to a continually rising firm targeted on packaging options. sustainable meals. ”

Along with sq. footage and staff, the corporate plans so as to add new merchandise to its Crisp Meals Applied sciences (TM) line of containers, spokesperson Richard Daniels advised Arkansas Businss by way of e-mail. The challenge will enhance the plant’s capability by 30%, he stated.

Daniels additionally confirmed that the rise in offsite meals – takeout and drive-in, curbside pickup and door-to-door supply – in the course of the pandemic accelerated the expansion of Anchor Packaging.

Governor Asa Hutchinson stated most Individuals in all probability did not know they took their take-out meals dwelling in an Arkansas-made container.

“Since 1987, when Anchor opened its first manufacturing unit in Marmaduke, the corporate has been a world-class member of our enterprise neighborhood,” he stated. “Anchor’s resolution to broaden to Paragould offers us one more alternative to unfold the information that Arkansas’ workforce is first-rate, our enterprise local weather is second to none, and companies throughout the ‘Arkansas improves the lives of thousands and thousands of individuals.

Based on the Arkansas Financial Growth Fee, the corporate is eligible for 3 incentives: the Arkansas Benefit program, which affords a state earnings tax same day loans score of 1% of whole payroll; the Tax Again program, which affords gross sales tax refunds on taxable constructing supplies, equipment and tools; and $ 300,000 in neighborhood improvement block grants.

Mayor Josh Agee referred to as the corporate a “nice accomplice” since increasing to Paragould within the Nineteen Nineties, and praised the standard of the town’s workforce.

“The city of Paragould has lengthy been a supporter of partnering with our native industries to keep up and broaden jobs,” the mayor stated within the assertion. “Anchor Packaging’s growth is a proud product of those efforts.”

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