OverviewSuggest Edit

Karat Packaging, operated by Lollicup, is a company manufacturing and distributing environmentally-friendly, single-use disposable products primarily used in restaurants and foodservice settings. Karat's products include food packaging, containers, tableware, cups, lids, cutlery, and straws. The company markets its products under four brands: Karat, Karat earth, Tea zone and Total clean.

TypePrivate
Founded2000
HQChino, US
Websitekaratpackaging.com

Locations

Karat Packaging is headquartered in
Chino, United States

Location Map

Latest Updates

Employees (est.) (Jun 2019)542
Revenue (FY, 2018)$175.4 M(+26%)

Key People/Management at Karat Packaging

Alan Yu

Alan Yu

CEO

Karat Packaging Office Locations

Karat Packaging has offices in Chino, Rockwall, Sumner and Woodbridge Township
Chino, US (HQ)
6185 Kimball Ave
Rockwall, US
3201 Capital Blvd
Sumner, US
1801 132nd Ave E
Woodbridge Township, US
6C Terminal Way, Avenel
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Karat Packaging Financials and Metrics

Summary Metrics

Founding Date

2000

Karat Packaging total Funding

$1.9 m

Karat Packaging latest funding size

$1.90 m

Time since last funding

a year ago
Karat Packaging's latest funding round in October 2018 was reported to be $1.9 m. In total, Karat Packaging has raised $1.9 m
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Karat Packaging Revenue

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Karat Packaging's revenue was reported to be $175.43 m in FY, 2018 which is a 25.3% increase from the previous period.
USD

Revenue (Q2, 2019)

60.0m

Gross profit (Q2, 2019)

17.0m

Gross profit margin (Q2, 2019), %

28.3%

Net income (Q2, 2019)

2.7m

EBIT (Q2, 2019)

2.9m

Cash (30-Jun-2019)

4.3m
Annual
USDFY, 2017FY, 2018

Revenue

140.1m175.4m

Revenue growth, %

25%

Cost of goods sold

98.8m132.0m

Gross profit

41.3m43.5m
Quarterly
USDQ1, 2019Q2, 2019

Revenue

48.4m60.0m

Cost of goods sold

35.8m43.0m

Gross profit

12.7m17.0m

Gross profit Margin, %

26%28%
Annual
USDFY, 2017FY, 2018

Cash

791.0k965.0k

Accounts Receivable

11.2m14.7m

Prepaid Expenses

1.4m2.0m

Current Assets

42.3m47.6m
Quarterly
USDQ2, 2019

Cash

4.3m

Accounts Receivable

21.2m

Prepaid Expenses

2.4m

Current Assets

67.5m
Annual
USDFY, 2017FY, 2018

Net Income

4.6m(124.0k)

Depreciation and Amortization

3.1m4.0m

Inventories

(7.8m)(985.0k)

Accounts Payable

1.7m3.3m
Quarterly
USDQ2, 2018Q2, 2019

Net Income

7.0k2.6m

Depreciation and Amortization

1.9m2.4m

Inventories

(1.4m)(9.3m)

Accounts Payable

4.8m4.0m
USDY, 2019

Revenue/Employee

110.7k

Debt/Equity

3.2 x

Debt/Assets

0.6 x

Financial Leverage

5.5 x
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Karat Packaging Operating Metrics

Karat Packaging's Customers was reported to be 5 k in Sep, 2019.
Sep, 2019

Customers

5 k

Distribution Centers

4

Manufacturing Facilities, square feet

800 k

Trademarks

16
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Karat Packaging Acquisitions / Subsidiaries

Company NameDateDeal Size
Lollicup USA Inc.

Karat Packaging Online and Social Media Presence

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Karat Packaging Frequently Asked Questions

  • When was Karat Packaging founded?

    Karat Packaging was founded in 2000.

  • Who are Karat Packaging key executives?

    Karat Packaging's key executives are Alan Yu.

  • How many employees does Karat Packaging have?

    Karat Packaging has 542 employees.

  • What is Karat Packaging revenue?

    Latest Karat Packaging annual revenue is $175.4 m.

  • What is Karat Packaging revenue per employee?

    Latest Karat Packaging revenue per employee is $323.7 k.

  • Who are Karat Packaging competitors?

    Competitors of Karat Packaging include Delignit, Stencil Ease and Metsa Board.

  • Where is Karat Packaging headquarters?

    Karat Packaging headquarters is located at 6185 Kimball Ave, Chino.

  • Where are Karat Packaging offices?

    Karat Packaging has offices in Chino, Rockwall, Sumner and Woodbridge Township.

  • How many offices does Karat Packaging have?

    Karat Packaging has 4 offices.