PARAGOULD, Ark. (KAIT) - Anchor Packaging, a food packaging manufacturer, announced on Tuesday they are expanding their facility by 33% and adding 45 jobs in Paragould.
The $21.5 million and 90,000-square-foot expansion will add 45 new jobs for the next two and a half years.
“Anchor Packaging has a rich 58-year history protecting food, including moving its manufacturing operations to northeast Arkansas communities over 35 years ago,” CEO and President Jeff Wolff said. “I am proud to say we have never had a layoff. Re-investing in the region comes naturally as we have outstanding employees, many second and third generation, coupled with an ever-growing business focused on sustainable food packaging solutions.”
Secretary of Commerce Mike Preston said the company has done well during the pandemic and has found new opportunities. The demand for packaging has grown.
“Anytime you can add jobs to a community, it means a lot. It’s not just Paragould. It’s really all of northeast Arkansas that’s going to benefit,” said Preston.
Plant Manager Zach Hocutt added the expansion comes at a perfect time. The pandemic has caused job insecurity, and this will be a small help.
“We’ve never had a layoff, so in almost 60 years as a company, we have never once had a layoff in this facility or any of our facilities,” said Hocutt.
The building process will begin next week and the company expects to complete the expansion by December.
The expansion comes along with new processing technology and two more product lines.