LCN Acquires Anchor Hocking Glassware Manufacturing Facility
LCN Capital Partners has successfully completed the sale-leaseback acquisition of the primary manufacturing and warehouse facility of Anchor Hocking. Simultaneously, LCN leased the facility back to Anchor Hocking under a 25-year, triple-net lease. The 1,000,000ft2 industrial facility, located in Lancaster, Ohio, has three 200-ton glass furnaces.
Jared Ciejek, a Partner at LCN noted, "We are pleased to partner with Anchor Hocking, one of the major glass manufacturers in the U.S. The company is a leading national manufacturer of household consumer and commercial glassware. The Lancaster property is a highly specialized facility with a footprint unique to glass manufacturing, and this transaction helps Anchor Hocking unlock capital that can be re-invested into its core business."
