Pratt added that the merged enterprise is particularly gratifying given that many companies in the industry continue to contract and consolidate. “We’re focused on growth and we will continue to expand,” he says. “We open factories, not close them. So we welcome the Love Box family to ours – the fastest growing paper and packaging company in the U.S.”
Senior executives for Pratt and the Kansas-based Love Box Company – both third-generation companies – say the two companies were a natural fit, with synergies that will benefit not only their employees but the more than 7000 customers they service.
Randy Love, CEO of Love Box Company states, “The synergies from these merged interests will be outstanding. Our shared values and combined resources will provide great benefit to both our customers and employees. In the interest of our customers, we will provide a far greater ability to serve their needs, not only regionally, but also nationally and globally. Employing Pratt’s excellent foundational paper resources, we anticipate providing greater, low-cost product-to-market solutions.
“For our employees, inasmuch as Pratt Industries shares our commitment to the significant worth and potential contribution of the individual, we anticipate great opportunity for those who consistently add value.
“Speaking for the Love family, we are pleased to be a part of the Pratt organisation and look forward to our continued involvement with the merged enterprise and our valued employees and customers. It’s rare that two companies are so perfectly matched in terms of philosophy, entrepreneurship, geography, converting capability and an absolute desire to serve our customers,” says Pratt chief operating officer, Brian McPheely. “As many in the industry know, Pratt has enjoyed a close relationship with Love for more than a decade as a paper supplier and each has supplied boxes for the other. This is a perfect fit.”
The deal consolidates Pratt’s position as the 7th largest corrugated packaging company in the United States .
Love Enterprises has more than 80 years of experience in the corrugated industry and facilities in 10 states throughout the Midwest .
Love Box CIO, Robert Love, says “By combining our packaging expertise, and facility locations with Pratt’s capabilities, we expect to strengthen and broaden our offerings of packaging solutions for our customers throughout the USA . We are excited about the opportunities we can now offer our customers, our suppliers and our employees as we embrace this very positive merger for the future.”