Quick Take
Karat Packaging (KRAT) has filed to raise $50.0 million in an IPO of its common stock, according to an S-1 registration statement.
The firm is a manufacturer of eco-friendly food packaging and related products.
KRAT is a growing firm with enviable prospects in a growing industry.
Company & Technology
Chino, California-based Karat was founded in 2000 to produce a variety of food packaging products that are environmentally friendly and ethically sourced.
The firm’s product categories include:
- Food packaging
- Tableware
- Cups and lids
- Cutlery
- Straws
Management is headed by co-founder, Chairman