Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Australian Pratt Industries acquires Robert Mann Packaging for $60 million

 

Anthony Pratt - Australia

 

Pratt Industries has made a major expansion into California with the acquisition of the Salinas-based food and agricultural packaging company, Robert Mann Packaging (RMP). Pratt paid $60 million for the privately-owned RMP group which has $150 million in annual sales and more than a dozen facilities in the western U.S. and Mexico, including a 350, 000 square-foot box-making plant in Salinas, as the company said in the press release received by Lesprom Network.

Company chairman and owner Anthony Pratt said the acquisition would also help integrate his American and Australian holdings. The paper converted into packaging by the new acquisition will come from his Meboune-based Visy Industries’ kraft paper mills in Tumut, NSW.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

“This acquisition will see high quality Australian paper exports increase by a further 80, 000 tons per year to the West Coast, ” he said. “Another benefit is that this deal allows us to also introduce our lightweight paper technology to the agricultural produce community. We are the only company that can supply lightweight kraft paper so customers will now have access to packaging which uses less paper to produce a high performance box. That in turn makes our packaging more cost effective.”

Anthony said he wanted to continue to grow his West Coast operations to benefit his family’s Australian paper-making interests as well as those of his U.S. holdings.
“We believe we will eventually grow the California business to $1 billion – it’s the biggest fruit and vegetable market in the world, ” he said.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Leadership

Jews are disproportionately represented on the roster of the richest business people, with 10 Jews among the top 50 (20%), and 38 (19%) Jews...