Karat Packaging Leases Additional Warehouse in Southern California To Further Enhance Distribution Efficiencies and Accommodate Growth
Karat Packaging (NASDAQ: KRT) has signed a lease for a new 187,000 square-foot warehouse and distribution center in Chino, California, strategically located near its headquarters. The facility will nearly double the company's current distribution capabilities in Chino, enhancing inventory management and delivery times.
The expansion will enable Karat to:
- Nearly double its inventory capacity in California
- Add approximately 500 new SKUs of paper products
- Improve operating efficiencies
- Support growth ahead of summer peak season
- Expand third-party logistics services in Southern California
- Increase wallet share with existing customers
- Service more new accounts
Karat Packaging (NASDAQ: KRT) ha firmato un contratto di locazione per un nuovo magazzino e centro di distribuzione di 187.000 piedi quadrati a Chino, California, strategicamente situato vicino alla sua sede. La struttura raddoppierà quasi le attuali capacità di distribuzione dell'azienda a Chino, migliorando la gestione dell'inventario e i tempi di consegna.
L'espansione consentirà a Karat di:
- Raddoppiare quasi la propria capacità di inventario in California
- Aggiungere circa 500 nuovi SKU di prodotti in carta
- Migliorare l'efficienza operativa
- Supportare la crescita in vista della stagione di punta estiva
- Espandere i servizi di logistica di terze parti nel sud della California
- Aumentare la quota di mercato con i clienti esistenti
- Servire un numero maggiore di nuovi clienti
Karat Packaging (NASDAQ: KRT) ha firmado un contrato de arrendamiento para un nuevo almacén y centro de distribución de 187,000 pies cuadrados en Chino, California, estratégicamente ubicado cerca de su sede. La instalación casi duplicará las capacidades actuales de distribución de la empresa en Chino, mejorando la gestión de inventarios y los tiempos de entrega.
La expansión permitirá a Karat:
- Casi duplicar su capacidad de inventario en California
- Agregar aproximadamente 500 nuevos SKU de productos de papel
- Mejorar la eficiencia operativa
- Apoyar el crecimiento antes de la temporada alta de verano
- Expandir los servicios de logística de terceros en el sur de California
- Aumentar la participación de mercado con los clientes existentes
- Atender más cuentas nuevas
Karat Packaging (NASDAQ: KRT)는 캘리포니아 주 치노에 위치한 187,000 평방피트 규모의 새로운 창고 및 유통 센터에 대한 임대 계약을 체결했습니다. 이 시설은 치노에서 회사의 현재 유통 능력을 거의 두 배로 늘려 재고 관리 및 배송 시간을 개선할 것입니다.
이번 확장은 Karat이:
- 캘리포니아에서 재고 용량을 거의 두 배로 늘리기
- 약 500개의 새로운 종이 제품 SKU 추가하기
- 운영 효율성 개선하기
- 여름 성수기를 앞두고 성장 지원하기
- 남부 캘리포니아에서 제3자 물류 서비스 확장하기
- 기존 고객과의 지갑 점유율 증가하기
- 더 많은 신규 계좌 서비스하기
Karat Packaging (NASDAQ: KRT) a signé un bail pour un nouvel entrepôt et centre de distribution de 187 000 pieds carrés à Chino, Californie, stratégiquement situé près de son siège. L'installation va presque doubler les capacités de distribution actuelles de l'entreprise à Chino, améliorant ainsi la gestion des stocks et les délais de livraison.
Cette expansion permettra à Karat de:
- Presque doubler sa capacité d'inventaire en Californie
- Ajouter environ 500 nouveaux SKU de produits en papier
- Améliorer l'efficacité opérationnelle
- Soutenir la croissance avant la saison de pointe estivale
- Étendre les services de logistique tiers dans le sud de la Californie
- Augmenter la part de marché auprès des clients existants
- Servir davantage de nouveaux comptes
Karat Packaging (NASDAQ: KRT) hat einen Mietvertrag für ein neues Lager- und Vertriebszentrum mit 187.000 Quadratfuß in Chino, Kalifornien unterzeichnet, das strategisch günstig in der Nähe des Hauptsitzes liegt. Die Einrichtung wird die aktuellen Vertriebsfähigkeiten des Unternehmens in Chino nahezu verdoppeln und die Bestandsverwaltung sowie die Lieferzeiten verbessern.
Die Expansion ermöglicht es Karat:
- Die Lagerkapazität in Kalifornien nahezu zu verdoppeln
- Etwa 500 neue SKUs von Papierprodukten hinzuzufügen
- Die Betriebseffizienz zu verbessern
- Wachstum vor der Sommer-Hochsaison zu unterstützen
- Dritte Logistikdienstleistungen in Südkalifornien auszubauen
- Den Marktanteil bei bestehenden Kunden zu erhöhen
- Mehr neue Konten zu bedienen
- 187,000 sq ft warehouse lease doubles distribution capacity
- Addition of 500 new paper product SKUs
- Strategic location near headquarters improves operational efficiency
- Enhanced capacity for third-party logistics services
- Expanded capability to service new accounts
- Additional lease expenses will increase operating costs
CHINO, Calif., March 04, 2025 (GLOBE NEWSWIRE) -- Karat Packaging Inc. (NASDAQ: KRT) (“Karat” or the “Company”), a specialty distributor and manufacturer of disposable foodservice products and related items, today announced it has signed a lease agreement for a 187,000 square-foot warehouse and distribution center in Chino, California.
This facility is in close proximity to the Company’s headquarters and nearly doubles the size of its current distribution capabilities in Chino. It will increase needed capacity to support growth and improve inventory management, ensuring faster delivery times.
“The new warehouse supports our growth strategy, giving us capacity ahead of our summer peak season to nearly double our inventory in California, and to add approximately 500 new SKUs of paper products, while further enhancing operating efficiencies,” said Alan Yu, Chief Executive Officer. “The expansion will enable us to grow wallet share with existing customers and service an increasing number of new accounts, as well as expand our third-party logistics services in Southern California.”
About Karat Packaging Inc.
Karat Packaging Inc. is a specialty distributor and manufacturer of a wide range of disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings throughout the United States. Its products include food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products. The company’s eco-friendly Karat Earth® line offers quality, sustainably focused products that are made from renewable resources. Karat Packaging also offers customized solutions, including new product development and design, printing, and logistics services. To learn more about Karat Packaging, please visit the company’s website at www.karatpackaging.com.
Caution Concerning Forward-Looking Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including, but not limited to, accommodating growth and enhancing efficiencies, are subject to numerous conditions, many of which are beyond the control of the company, including those set forth in the Risk Factors section of the company’s most recent Annual Report on Form 10-K for the year ended December 31, 2022 and our other public filings made with the Securities and Exchange Commission (SEC). Copies are available on the SEC’s website at www.sec.gov. Karat undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Relations and Media Contacts:
PondelWilkinson Inc.
Judy Lin / Roger Pondel
310-279-5980
karat@pondel.com
FAQ
What is the size of Karat Packaging's new warehouse in Chino, California?
How many new SKUs will Karat Packaging (KRT) add with the new warehouse?
Where is Karat Packaging's new distribution center located?
What are the main benefits of KRT's new warehouse expansion?
How will the new warehouse affect KRT's customer service capabilities?
