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Pratt Industries announces $5 billion U.S. investment to create 5,000 jobs

Packaging giant Pratt Industries announced Wednesday, April 30, it was committing $5 billion to support President Trump's push to bolster American manufacturing.

Atlanta-based Pratt announced the investment ahead of an afternoon White House event touting America's potential to business leaders.

"To make America great again, we need to make in America again," owner and executive chairman Anthony Pratt said in a statement.

"That's why I'm proud to support the president's call to reindustrialize America and again make the US the manufacturing powerhouse of the world."

In its announcement, Pratt predicted the investment would lead to 5,000 new jobs across the US, including in key electoral states Arizona, Michigan, Ohio, and Pennsylvania.

The firm already has 70 facilities across the US manufacturing recycled paper and corrugated boxes, employing an estimated 12,000 Americans.

Its clients include the Home Depot, Walmart, and the US Postal Service.

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