Delivering Innovative (and Reusable) Solutions for the Food Industry

Anchor Packaging Confidential Information

Corporate Overview

Headquarters - St. Louis, MOPrivately-held CompanyConsolidated Sales over $300 Million U.S Sales Tripled since 2001Ranked 8th Largest U.S. ThermoformerLargest Manufacturer of PP Takeout Food ContainersAward-Winning Designs Four Sales Platforms:

Chain Restaurant: QSR, Fast Casual, Casual, Fine Dining, Catering Retail: Supermarkets, Convenience Stores, Mass

Merchandisers Packer Processor (food packaged for retail sale) Commercial Distribution-Broadliners, National, Re-D

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First 50 years journey

1963

Anchor founded November 8th as a

converter of plastic film

Acquired Innovative Plastics

1989

1985

Ground up construction of new plant in Paragould, AR

1978

Added thermoforming, extrusion & blown film

1994

Acquired Microlite division of Amoco

1990

New film facility opens in Marmaduke, AR

1998Purchased BonFaire

Division of Placon

2008 Second Expansion Paragould, AR facility to accommodate growth

2013

Purchased Jonesboro, AR manufacturing/warehousing facility for future expansion

1998

Acquired Borden Chemical film operation in Argentina

2012

Acquired Mt. Vernon Plastics facility and assets

Anchor Packaging Confidential Information

Founded in 1963 with a rich heritage of rapid growth, quality and financial stability. At a time when the U.S. thermoforming industry is undergoing dramatic consolidation and isolated bankruptcies, Anchor Packaging remains a successful, privately-held entity with a strong balance sheet.

Expanded Paragould, AR facility to accommodate growth

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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E

Net Sales Exceed $300 Million

Net Sales

Our locations

Corporate Headquarters

Ballwin (St. Louis), MO

Manufacturing Plant

Paragould, AR

Manufacturing Plant

Marmaduke, AR

Distribution Center

Paragould, AR

Manufacturing Plant

San Juan, Argentina

Manufacturing

Jonesboro, AR

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Operations

Arkansas− Paragould – Extrusion/Forming ( 310,000 sq. ft.)− Jonesboro – Extrusion/Forming (424,000 sq. ft.)− Marmaduke – Blown Film ( 260,000 sq. ft.)− Paragould – Distribution Center ( 683,000 sq. ft.)

San Juan, Argentina - Blown Film (130,000 sq. ft.)

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Anchor Packaging Confidential Information

Recent Investment In Our Business Paragould plant expansion in 2008 Significant investment for in-line extrusion/forming and technology

60” PP in-line 50” In-lines - 18; more than any other manufacturer 8 Off-line thermoformers; 4-50”, 3-40” Extruder: side-by-side, multi-layer sheet for off-lines

2 Trim-in-place for precision flanges 2 Printing lines 10 Blown film lines - PVC 2 Injection molding lines 2 Lab thermoformers for samples and small production trials Acquired Jonesboro in 2013 Automated bagging/packing lines

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Anchor Packaging Confidential Information

Operations by plant

Locations MANUFACTURING STORAGE & DISTRIBUTION

Squar

e Feet (000)

Offline For

ming

Inline

Forming

Blown Film

8C Printing

Core Mfg.

Auto Coun

t &

Bag

Packaging

Silo’s

Rail

Siding (Car

s)

Storage (000 Pallet

s)

Docks

ARKANSAS

Paragould Plant 310 8 15 - - - 7 - 15 22 - -

Marmaduke Plant 260 - - 10 - 1 - 1 8 18 14 15

Jonesboro Plant 424 - 6 - - - 3 - 4 13 20 20

Paragould DC 683 - - - 4 - - 5 - - 45 37

AR TOTAL 1,819 8 15 10 1 1 7 6 23 53 93 77

OTHER

San Juan, Argentina 130 - - 5 - - - - 3 - 3 4

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Anchor Packaging Confidential Information

In-Line Extrusion/Forming

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Anchor Packaging Confidential Information

Why Arkansas?1 hour to the Nation’s

Distribution Hub – Memphis

St. Louis: 271 milesNashville: 274 milesAtlanta: 448 milesDallas: 453 milesChicago: 519 milesHouston: 577 miles

INTERMODAL SERVICES42 Truck Carriers

17 with local terminals

2 Class One Railroads

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Anchor Packaging Confidential Information

Core Competencies

Thermoforming Rigid Containers – Inline and Offline

Trim-in-Place in addition to Post Trimming

Extrusion – mono-layer and multiple structures

Materials:

Polypropylene (PP, MFPP)

PET, RPET

Flexible Blown Film – PVC

Custom Design Solutions

Stock Products – Over 450 available

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Anchor Packaging Confidential Information

Material Attributes Polypropylene – PP / MFPP

– Impact resistance– Heat Resistance, microwavable – High clarity, anti-fog – Weight reduction, mineral fillers– Seal-ability, venting options– Reusable – 3 R’s (Reduce – Reuse – Recycle)

Polyethylene Terephthalate – PET / RPET – Optical clarity– Best choice for cold applications– Rigidity, durability– Anti-fog – Recyclable and post-consumer recycle content

Polyvinyl Chloride – PVC Film- Cutter Box Film - Best cling properties in the Industry - Dri-Gard coating available for outside of box to extend shelf life- Stretch Film (meat, produce) and Shrink Film

Aluminum- Foil rolls and pop-up sheets 12

Anchor Packaging Confidential Information

Quality

Product Specifications (Quality Docket, Drawing, Layout, Packaging,

Palletizing)

Setup Release Process (verification/QA Lab conf./Inspection)

Operator and QA Audits (Lab & Line; Specs/Visual/GMP’s)

Zontec SPC Software and Training Lab & Line

Operators, supervisors, auditors

Containment Protocols (Red Tag and Recall procedures) Continuous Improvement

Kaizen activities, Environmental initiatives (Energy cost avoidance/scrap reduction/reuse) 5S-Lean manufacturing

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Quality Certifications

ISO 9001:2008 (to 2018-03-29)

NSF*

Kosher

GFSI* (in process)

*Includes HAACP Plan for critical control points on product safety

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Anchor Packaging Confidential Information

The Process Begins with the Customer

Anchor’s Value Proposition:

“Develop innovative packaging solutions that meet

the needs of a new product or a solution that fulfills

the unmet need of a market segment.”

Design to meet customer’s desired price point or less

Thorough testing at customer locations

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Anchor Packaging Confidential Information

Responding to OurCustomers’ Needs

7 Engineers devoted to new designs and tooling to manufacture

Fast turnaround of images, renderings, 3D models, laser-created samples

2 CNC machines with dedicated operators

2 Additional design engineers in Asia

Work in tandem with U.S. engineers

Allows round-the-clock product development

In-house SLA/Rapid Prototyping

Dedicated Prototype Production Equipment/ 4 Full-time employees

Capabilities (in-house and offshore) to manufacture tools

On-site design support at customer’s facility available

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Anchor Packaging Confidential Information

Award Winning Designs

FPI/QSR Innovation AwardWorld Star Packaging Excellence AwardPackaging World - Package of the YearAmeristar Package Award 2010, 2015Yum Brands Star Supplier–2010, 2011Best New Product-Foodservice Packaging 2014

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Anchor Packaging Confidential Information

Anchor Innovation

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Culinary Classics

QSR/FPI Foodservice Packaging Award

1st polypropylene manufacturer to produce one-piece hinged black base / clear lid, side by side

8 package options

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White Casserole

Classic white “Corningware style” for a take-out package that can go right to the dining room table.

From store to table to dishwasher to cabinet for RE-USE again and again.

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Crisp Foods Container

Patented cross-flow ventilation relieves moisture, food remains crispy.

Retains internal temps meeting health dept. regulations

Independent studies at retailers demonstrated better performance than the leading fried chicken container

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KFC Reusable Sides

Anchor adapted its patented ventless-vent technology to provide a unique solution for KFC’s side dishes.

Leading-edge technology allowed cost savings vs. foam

KFC menu items retain their original quality longer in the new containers than in foam (per KFC Test Kitchen)

Increased customer satisfaction with reusable package

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Embraceable™ Platter and Lid

Platter designed with locator ring in bottom to hold 8oz. squat paper food container.

Lid contains integral sealing flange that forms lid over the paper container at same time it forms leak-resistant seal on platter.

Eliminates lid for paper cup, saves expense, reduces packaging consumed and carbon footprint.

Improves consumer convenience; meal carried in one container rather than two.

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Sustainability: Initiatives and Strategy

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Anchor Packaging Confidential Information

Sustainability Efforts

Polypropylene (PP) has smallest carbon footprint of all plastics

Anchor Products:

Many PP products contain 40% perpetual resources

PET products made with minimum 10% post-consumer recycled content (RPET)

All made with 50% post-industrial recycle

Reduced amount of material and packaging by 25% in new products through engineering innovation

Reduce and recycle scrap at all Anchor plants (<1% remains)

Anchor does not landfill waste; used in other applications (cutter box core plugs)

R & D is continually researching new technology to increase use of recycled

materials and limit use of environmentally sensitive resins

World’s largest manufacturer of reusable polypropylene microwavable takeout containers.

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Anchor Packaging Confidential Information

Carbon Footprint Plastic Resins

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Anchor Packaging Confidential Information

Re-Use saves energy, equipment, and other natural resources

Reusable containers increase sales. Providing reusable polypropylene containers to the consumer has led to increased sales for companies such as Hillshire Farms, Butterball, Healthy Choice and others.

Consumers prefer reusable containers over recyclable or biodegradable. Will reuse containers up to six months

EPA states: REUSE and REDUCE are preferred methods of waste management

Why Reusable Containers?

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Anchor Packaging Confidential Information

Heat Tolerant. Safe up to 230ºF. Microwave-safe. Saves energy and time vs.

conventional oven. Dishwasher-safe. Saves energy and time. Store to table

to dishwasher to cabinet. Maintains Food Taste. No flavor change or plastic odor

vs. non-heat tolerant plastics (rigid styrene) Durable and Leak-resistant. Heat and eat right from the

container, without cutting, tearing, or breaking. Good for the Environment. Reduction in material and

energy consumption and consumer demand for disposable packaging.

Visit www.ReuseContainers.com

Benefits of Reusable Polypropylene Containers

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Anchor Packaging Confidential Information

Why Anchor?

• Exceed our customer’s expectations on product quality and service.

• Committed to continuous improvement in our manufacturing process to assure you are competitively positioned.

• Work with you to define the need so the right solution can be put to work on your behalf.

• Known for our ability to innovate. • Consolidate all products so they can be shipped out of our

centrally located DC.• Value your business and our daily actions put meaning

behind these words!

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Restaurant Customers

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Retail Customers

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Processor Customers

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Anchor Packaging

“We Make it Happen”