Page 22 - Karat Packaging News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IPO back in the works for Lollicup parent Karat Packaging Karat Packaging Inc. Karat Packaging Inc., once mostly known for its Lollicup bubble tea shops, is a supplier of food service items for a range of cafes and restaurants. The company plans an IPO as it grows. A plastics packaging maker is planning an initial public stock offering a year after it withdrew a similar plan. Chino, Calif.-based Karat Packaging Inc. announced terms for its IPO on April 7. The company, the parent of foodservice packaging company Lollicup, plans to raise $75 million by offering 4 million shares at a price range...

Press release content from PR Newswire. The AP news staff was not involved in its creation. Karat® by Lollicup™ Acquires 6th US Distribution Center in Hawaii January 18, 2021 GMT Lollicup USA, Inc. logo (PRNewsFoto/Lollicup USA, Inc.) KAPOLEI, Hawaii, Jan. 18, 2021 /PRNewswire/ -- Karat® by LollicupTM has entered a definitive merger agreement to acquire Pacific Cup, Inc., including its manufacturing and distributing facility in Hawaii. Sale completion is expected to close Q1 2021, after which the company will operate under the Karat Packaging name. Karat® by LollicupTM has five distribut...