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Anchor Glass Completes Comprehensive Recapitalization

On October 9, 2025, Anchor Glass Container Corporation, widely known as Anchor Glass, announced the successful completion of a comprehensive recapitalization. This significant event marks a pivotal milestone in the company's ongoing transformation efforts, positioning it for robust long-term growth.

The recapitalization, backed by new majority owners including Canyon Capital Advisors, Millstreet Capital, and UBS, has effectively reduced the company’s debt by over 60%. In addition, it has introduced $100 million in new capital meant to accelerate Anchor Glass's strategic growth initiatives. This infusion of funds is set to enhance value not only for the company’s customers but also for its employees, communities, suppliers, and investors.

Nipesh H. Shah, the President and CEO of Anchor Glass, expressed his enthusiasm regarding this transformative phase: "This moment signifies the beginning of a new era for Anchor Glass. We have substantially reinforced our financial backbone, secured vital new capital, and are now prepared for sustained investment in our assets, personnel, and customer engagement. These adjustments position us to operate more effectively as One Anchor, focusing on safety, customer satisfaction, and capabilities that minimize industrial costs."

The strategic allocation of the newly acquired capital will primarily focus on enhancing and upgrading the company’s manufacturing infrastructure. This includes crucial furnace rebuilds and capacity expansions within Anchor Glass’s U.S. network. Such developments are essential to better cater to a diverse range of customers across the food, beverage, spirits, ready-to-drink, and craft beer sectors, who rely on high-quality and sustainable glass packaging solutions.

By 2030, Anchor Glass is poised to invest over $1 billion in capital improvements. This ambitious commitment underscores not only the company’s dedication to growth but also its promise to drive innovation and supply security for its clientele.

About Anchor Glass

Anchor Glass is recognized as one of North America’s leading manufacturers of premium specialty glass packaging products. The company has cultivated long-standing relationships with blue-chip clients across various markets, including food, beverages, spirits, and craft beer. With a workforce of approximately 1,500 employees, Anchor Glass operates five manufacturing facilities strategically located in New York, Oklahoma, Indiana, Minnesota, and Georgia.
For further details, please visit www.anchorglass.com.

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