Pratt Industries, America’s leading 100 percent recycled paper-packaging company, announced that it has selected Beloit’s Gateway Business Park as the location for the company’s new 350,000 SF corrugated box plant. This project, which represents a $52 Million investment, is scheduled for construction spring 2015. Once fully operational, this facility will employ 140 people.
“This is a memorable day for our company,” said Pratt Chairman Anthony Pratt. “This plant will be our first ever in the great state of Wisconsin and is a perfect fit with our aggressive growth strategy to increase our manufacturing footprint and capabilities in the Midwest. We can’t wait to open for business here and I’d like to thank Governor Walker as well as officials at the Wisconsin Economic Development Corporation and representatives of both Rock County and the City for Beloit for their can-do attitude and willingness to welcome and work with new businesses.”
“I’m pleased that Pratt Industries—after seriously considering sites in three other Midwest states—has decided to locate the new facility in Wisconsin,” said Governor Scott Walker. “This great news comes one day after new figures show that Wisconsin added 16,500 private-sector jobs in November, and companies like Pratt are playing a key role in our state’s continued economic success.”
A combination of state and local resources, from the following sources, are facilitating this project: the City of Beloit, the Greater Beloit Economic Development Corp., WEDC, WisDOT and Alliant Energy/WP&L.
As the world’s largest privately-held 100% recycled paper and packaging company, Pratt Industries has facilities in more than 20 states. Currently the 5th largest box manufacturer in the U.S., Pratt employs over 4,000 people.
According to James Otterstein, Rock County Economic Development Manager, “This announcement underscores the necessity of having an efficient and effective economic development team, as well as access to value-added financial/technical tools.”