Visy Industries was established in Melbourne, Australia in 1948 and has its headquarters at Level 11, 2 Southbank Boulevard, Melbourne, Australia. It has grown to become one of the world’s largest privately owned paper recycling and packaging companies. In 2003, Visy employed more than 8000 people. Total manufacturing revenues exceeded $2.5 billion and total manufacturing assets exceed $3 billion. Visy was owned by Richard Pratt until his death on 28 April 2009. Following the death of Richard Pratt, his son Anthony Pratt became Global Chairman of Visy Industries. In the United States, the company is known as Pratt Industries.
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