Foodservice Packaging

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Karat Packaging Inc. Announces Proposed Secondary Offering of Common Stock
Globenewswire· 2025-06-10 20:01
Core Viewpoint - Karat Packaging Inc. has announced a proposed underwritten public offering of 1,500,000 shares of its common stock by certain members of the management team, with an additional option for the underwriter to purchase up to 225,000 shares [1][2]. Company Overview - Karat Packaging Inc. is a specialty distributor and manufacturer of disposable foodservice products, including food containers, bags, tableware, cups, lids, cutlery, straws, and eco-friendly products under the Karat Earthline brand [5]. - The company primarily serves national and regional restaurants and foodservice settings across the United States, offering customized solutions such as product development, design, printing, and logistics services [5]. Offering Details - The offering is being made under a shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) on March 21, 2025, and declared effective on March 28, 2025 [3]. - The company will not receive any proceeds from the sale of shares by the Selling Stockholders [2]. - BofA Securities and William Blair & Company are acting as the joint lead book-runners for the offering [2]. Legal and Compliance - The press release clarifies that it does not constitute an offer to sell or a solicitation of an offer to buy these securities in any jurisdiction where such offer would be unlawful [4].
Karat Packaging to Report 2025 First Quarter Financial Results and Host Conference Call on Thursday, May 8, 2025
Globenewswire· 2025-04-24 12:05
Core Viewpoint - Karat Packaging Inc. is set to release its first quarter financial results for 2025 on May 8, 2025, and will host an investor conference call on the same day [1]. Company Overview - Karat Packaging Inc. is a specialty distributor and manufacturer of environmentally friendly disposable foodservice products, primarily serving national and regional restaurants in the United States [3]. - The product range includes food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves, and more [3]. - The company offers an eco-friendly product line called Karat Earth®, which focuses on sustainability and is made from renewable resources [3]. - Customized solutions are also provided, including new product development, design, printing, and logistics services [3]. Investor Relations - The investor conference call is scheduled for May 8, 2025, at 2:00 p.m. PT/5:00 p.m. ET, with specific phone numbers provided for domestic and international participants [2]. - The conference can be accessed via a webcast, which will be archived for approximately one year [2].