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Karat Packaging Withdrawn, Nasdaq: KRAT

Produces environmentally-friendly single-use food packaging.

Industry: Materials

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Industry: Materials

We are a rapidly-growing manufacturer and distributor of environmentally-friendly, single-use disposable products primarily used in restaurants and foodservice settings. We supply a wide range of products for the foodservice industry, including food packaging, containers, tableware, cups, lids, cutlery and straws. Our products are available in plastic, paper, biopolymer-based and other compostable forms. Our Karat Earth® line provides additional environmentally friendly options to our customers, who are increasingly focused on issues of sustainability. In addition to manufacturing and distribution, we offer customized solutions to our customers, including new product development, design, printing and logistics services. Our goal is to be a single-source provider to our customers for all of their food packaging and disposable product needs. Our customers include a wide variety of well-known national and regional restaurant chains, including Applebee’s Grill + Bar, Chili’s Grill & Bar, Chipotle Mexican Grill, Corner Bakery Cafe, In-N-Out Burger, and Panda Express, among many others. We also supply products to smaller chains and businesses, including boutique coffeehouses, bubble tea cafes, pizza parlors and frozen yogurt shops. Our strong brand recognition in the foodservice industry, along with the size and scope of our distribution network, provides us with a significant advantage that enables us to acquire new customers as well as increase our business with existing customers.
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IPO News for Karat Packaging
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IPO Data
IPO File Date 09/17/2019
Offer Price
Price Range $7.00 - $9.00
Offer Shares (mm) 5.0
Deal Size ($mm) $40
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $7.00 - $9.00
Offer Shares (mm) 5.0
Deal Size ($mm) $40
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Chino, CA
Founded 2000
Employees 549
Website www.karatpackaging.com