Pratt Industries (USA) doesn't mill around when it comes to recycling and caring for the environment. The company rivals the world's largest manufacturers of recycled paper and packaging and claims to be the 5th largest box manufacturer in the US and the world's largest, privately-held 100% recycled paper and packaging company. Pratt has seven divisions: recycling, mills, corrugating, converting, displays, packaging systems, and national accounts. Its products, which include container board and corrugated sheets, are sold to clients such as Rubbermaid and Pringles. Pratt operates some 50 plants in about 20 states in the US and Mexico.
The company operates 25 sheet plants, 13 recycling centers, 12 corrugating plants, 7 distribution centers, 5 displaying facilities, 3 recycled paper mills, and 1 clean energy plant.
Pratt is demonstrating its commitment to building green production facilities as well as its bottom line. It has a $60 million clean energy plant in Atlanta that gasifies waste from recycling into energy to power mills and curb energy costs. On a daily basis, the plant diverts roughly 700 tons of waste material from landfills and reduces greenhouse gas emissions by some 310 tons. Pratt also reportedly recycles more than 400,000 tons of waste paper per year, eliminating more than a million tons of greenhouse gas emissions, and conserving in excess of 13 million trees. Wal-Mart's recycling initiative to collect cardboard waste from its stores and convert it into pizza boxes is a boon for Pratt. The company is responsible for collecting the recyclable material from Wal-Mart locations and turning it into assembled boxes.
In an innovative move, in 2012 Pratt launched an environmentally-friendly alternative to those pesky packaging peanuts.
The company also benefits from a management succession plan. Following the passing of Visy Industries chairman Richard Pratt (founder Leon Pratt's son and a former actor), son Anthony assumed the executive role at Visy and Pratt. He is credited with expanding Pratt's activities to clean energy production, as well as building Visy's US sales and earnings. Pratt is the largest Australian-owned employer in the US.
Pratt Industries (USA) is part of the Pratt family's Australian-based investment holding company, Visy Industries.
The company was founded in 1948 by Leon Pratt, grandfather of current chairman Anthony Pratt. – less