Karat Packaging Inc. KRT

Company Overview

Karat Packaging Inc. is a U.S.-based specialty distributor and manufacturer of disposable foodservice products and related supplies primarily used by restaurants, beverage shops, food delivery operators, and retail foodservice businesses. The company operates within the foodservice packaging and janitorial supply industries, supplying products such as plastic and paper cups, lids, food containers, utensils, straws, gloves, and takeout packaging. Its revenue is primarily driven by the sale of customizable and stock foodservice consumables to small and medium-sized foodservice operators, particularly independent restaurants and beverage chains.

The company markets many of its products under the Karat brand and differentiates itself through broad product selection, rapid distribution capabilities, customization services, and a strong presence in Asian-American foodservice markets, especially bubble tea and specialty beverage shops. Karat Packaging was founded in 2000 and evolved from a regional packaging supplier into a publicly traded company listed on Nasdaq under the ticker KRT following its 2021 initial public offering. Public filings and investor materials indicate the company has expanded through both organic customer growth and product line diversification.