Pratt Industries Investing $20M In Virginia

Pratt Industries, Inc., the world’s largest privately held, 100 percent recycled paper and packaging company, will invest over $20 million to establish a new paper packaging and shipping materials manufacturing operation in the Botetourt County Shell Building. The facility will be Pratt’s second manufacturing operation in Virginia and will allow the company to increase market share and grow sales of its paper-based packaging and shipping materials within Virginia and the surrounding states. Virginia successfully competed with multiple states for the project, which will create 50 new jobs.

“Pratt Industries is excited to expand in Virginia,” said Chief Operating Officer of Pratt Industries David Dennis. “We are grateful to the Roanoke Regional Partnership, Botetourt County, and VEDP for their efforts to bring Pratt to Botetourt County.”

The Virginia Economic Development Partnership (VEDP) worked with Botetourt County, the Roanoke Regional Partnership, and the Virginia Department of Environmental Quality (DEQ) to secure the project for Virginia. Governor Ralph Northam approved a $300,000 grant from the Commonwealth’s Opportunity Fund to assist Botetourt County with the project. Pratt Industries is eligible for Sales and Use tax exemptions on manufacturing equipment, as well as recycling tax credits for the processing of recyclable materials.