A family business legacy is built one generation at a time. The strongest family-owned companies preserve their core values while finding new ways to innovate, adapt, and serve customers.
Few companies demonstrate that principle better than Petra & Holum. Founded in 1933 during the Great Depression, the company has grown through three generations of entrepreneurial leadership while remaining committed to American manufacturing, customer service, and innovation.
Today, Petra & Holum‘s story is more than a business success story. It is an example of how entrepreneurial values can be passed from one generation to the next, creating a multi-generational business that continues to evolve while staying true to its roots.
Every Family Business Legacy Starts With One Bold Decision
Every family business legacy begins with someone willing to take a risk when others would hesitate.
For Petra & Holum, that person was Sara Hoffberg.
After training as a bookkeeper, Sara realized she wanted something more. In 1933, she launched Petra Manufacturing Company and soon became the sole owner.
According to her grandson, Norman Hoffberg, entrepreneurship was not simply something she did. It was part of who she was.
“She was driven to business. She enjoyed it. Probably the only thing she enjoyed more was her family.”
That combination of ambition and commitment helped establish a foundation that would support future generations.
Building a family-owned company requires more than vision. It requires persistence, resilience, and the ability to navigate uncertainty. Sara’s willingness to move forward during one of the most challenging economic periods in American history became the first chapter in a story that continues today.
Entrepreneurial Leadership Thrives Through Innovation
Entrepreneurial leadership often passes from one generation to the next when curiosity and innovation become part of a company’s culture.
That spirit continued through Norman’s father, Bud Hoffberg.
An inventor, salesman, and entrepreneur, Bud constantly searched for new opportunities and unconventional solutions.
“My dad was always looking for unusual applications, different types of things.”
One example stands out. Petra Manufacturing Company became the first customer for Velcro in the Western Hemisphere, long before the product became widely recognized.
Bud’s willingness to explore new ideas helped reinforce a culture of manufacturing innovation that continues today.
His influence extended beyond products and technology. He also helped create an environment where creativity and experimentation were encouraged.
As Norman explains, the entrepreneurial spirit that started with Sara continued to grow through future generations.
“There has been an entrepreneurial spirit that has been passed on through three generations.”
That mindset remains one of the company’s greatest strengths.
A Multi-Generational Business Succeeds By Respecting People
A multi-generational business survives because it values relationships as much as results.
Throughout Petra & Holum’s history, one theme has remained constant: respect for the people who make the business possible.
As a young man, Norman spent time working throughout the factory. His father made sure he experienced the business from the ground up.
“I was always being given the worst, hardest jobs in the factory that I could handle.”
While challenging at the time, those experiences created something valuable.
“It developed a tremendous respect for everybody that works for us.”
That respect continues to shape the company’s culture today.
Employees are not viewed as a resource. They are viewed as partners in the company’s success.
The same philosophy extends to customers. Over decades of growth and change, Petra & Holum has remained focused on building relationships that last.
That combination of entrepreneurial leadership, innovation, and respect for people has helped create an American manufacturing success story that continues nearly a century after it began.
Conclusion
A family business legacy is not measured by years alone. It is measured by the values, leadership, and relationships that endure across generations.
For Petra & Holum, the journey began with Sara Hoffberg’s courage during the Great Depression. It continued through Bud Hoffberg’s passion for innovation and now carries forward through Norman Hoffberg’s leadership and commitment to customers and employees.
Together, those generations created more than a successful company. They built a culture rooted in entrepreneurial leadership, manufacturing innovation, and respect for people.
Nearly 100 years later, that legacy continues to shape the future of Petra & Holum and serves as a reminder that the strongest businesses are built to last far beyond a single generation.
Wrapping It Up
Check out our other blogs.
Contact us for your premium packaging needs.