RISI/Fastmarkets Names Anthony Pratt as CEO of the year
Visy/Pratt Industries Exec chmn Anthony Pratt is leading a recycling resurgence. His US company Pratt Industries was the fifth largest US boxmaker in 2019 with a 7% market share and an estimated 27.5 billion ft2 of shipments. The US boxes are made mostly out of lowcost mixed paper. His five containerboard mills with 1.91 million tons/yr of 100% recycled content containerboard capacity are nearly fully integrated to 70 Pratt corrugated plants, including 30 sheet plants. Pratt US last year generated more than $3 billion in sales and $550 million in EBITDA, in a year of record-low mixed paper pricing at a negative-$2/ton average and containerboard prices an estimated 175-200% more than the firm’s production cost.