Dive Summary:
- Pratt Industries, a recycled paper and packaging company, will construct a $260 million recycled paper facility in Valparaiso, Indiana, which will be located next to its existing box-making plant.
- The 250,000-square foot plant will sit on 50 acres and is anticipated to open in July 2015; construction on the facility is slated to begin in March of 2014.
From the article:
“This $260 million investment is, we believe, the single largest private investment in Valparaiso’s history,” Mayor Jon Costas said.
“We’re really happy with the results currently,” Costas said. “This is going to also impact a number of other industries, such as construction and shipping, which is hard for us to quantify at the moment.”
“This new facility will allow us to better service the needs of our expanding customer base, not only in the Midwest, but throughout the United States,” said Anthony Pratt, owner and chairman of Pratt Industries.
