Karat Packaging Inc, a disposable foodservice products manufacturer, has filed Form S-1 Registration Statement on February 18, 2021 with the U.S. Securities and Exchange Commission to raise up to $75 million IPO. Pricing terms are yet to announce.
The company supplies a wide range of products for the foodservice industry, including food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products.
The Chino, California-based company was founded in 2000 and booked $281 million in sales for the 12 months ended September 30, 2020. It plans to list on the Nasdaq Global Market under the symbol “KRT.” Stifel, William Blair, and Truist Securities are underwriters of the IPO.
The company engages Akerman LLP as US Securities Counsel, and BDO USA, LLP as Independent Auditor.
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