Winning Pack-Outs for Winter
ClimaCell
The leading curbside recyclable insulation for D2C shipments.
Green Cell Foam
The leading home compostable packaging insulation, available in stock sizes.
WaveKraft
New curbside recyclable insulation, produced near-site for flexibility and efficiency.
Get the Guide.
We’ve developed a guide of best practices for Winter practices, including product details, and pack-out examples. Check it out here.
2023 Impact Report
AT A GLANCE
More than a drop in the ocean, here are the key takeaways from the progress we made in 2023.
650+
Customers
In 2023, we helped protect over 650 companies fulfill their perishable shipments to millions of customers.
12K
Metric Tons Diverted
By choosing TemperPack products, our customers have diverted over 12,000 MT of single-use plastic packaging from landfills.
ESG Reporting
Onboarded ESG data management platform for higher grade carbon accounting.
34K
Metric Tons of CO2e
By choosing ClimaCell instead of EPS, our customers avoided the creation of over 34,000 MT of CO2e.
Full Report
Get the full report.
Fill out the form below to download our in-depth 2023 Impact Report.
Cytiva and TemperPack: Pioneering Biotech’s Sustainable Packaging Revolution
The Challenge
The primary challenge was to develop a packaging solution that not only matched the thermal insulation properties of EPS but also aligned with Cytiva’s sustainability goals. The packaging needed to ensure the safe transportation of temperature-sensitive products while significantly reducing the carbon footprint and enhancing recyclability of their shipments.
- Customer Quote -
When we said we wanted to find a replacement for EPS that could be used across our global network, a lot of people thought it couldn’t be done. TemperPack has been a great partner in working with us to launch a solution meets performance standards, achieves operational efficiencies, helps us reduce our CO2 impact and reduce non-recyclable waste at our customer facilities.
- Thibault Renaud
Sustainability Supply Chain Leader
The Solution
In pursuit of this goal, Cytiva sought out TemperPack, the leading provider of sustainable materials for cold chain. The team at TemperPack introduced Cytiva to ClimaCell, a curbside recyclable thermal insulation material designed to replace EPS.
This innovative material comprises thousands of tiny air pockets, effectively trapping heat and ensuring the maintenance of a safe temperature inside the box.
The Implementation
The implementation process was thorough and phased:
Product Validation
Cytiva rigorously tested ClimaCell to ensure it met their strict product and customer requirements. The testing included:
- ISTA (International Safe Transit Association) testing to simulate various environmental conditions.
- Pilot shipments across various sites with temperature loggers to monitor and ensure real-time shipment viability.
Operational Optimization
Unlike EPS coolers, ClimaCell’s solution can be shipped flat, offering significant savings in storage and transportation. This feature streamlined Cytiva’s logistical processes, reducing both physical footprint and shipping costs.
Customer Outreach & Education
Recognizing the importance of customer acceptance and education, Cytiva initiated outreach programs to inform their clients about the new packaging. This included sharing data on ClimaCell’s performance, recyclability, and the positive environmental impact of the switch.
The Results
The collaboration between Cytiva and TemperPack, marked by innovation and a shared vision for sustainability, led to remarkable results:
Achieved a significant reduction in carbon footprint and waste, aligning with Cytiva's sustainability targets for 2025.
Reduces carbon emissions by 30-40% compared to EPS boxes.
60K
Eliminate the use of approximately 60,000 polystyrene boxes annually, equivalent to around 71 shipping containers per year.
Enhanced customer satisfaction by ensuring product safety and demonstrating a commitment to environmental stewardship.
Realized operational efficiencies in storage and transportation due to ClimaCell’s flat delivery format.
Set a precedent in the biopharma industry, showcasing the feasibility and benefits of transitioning to sustainable packaging solutions.
Cytiva's journey with TemperPack, transitioning from EPS to ClimaCell, stands as a testament to what collaborative innovation can achieve in the realm of sustainable packaging.
By prioritizing environmental responsibility without compromising on quality and safety, Cytiva not only elevated its operational efficiency but also reaffirmed its commitment to a more sustainable future.
Future Food Cast with Todd Klein
Todd Klein and Fazeela Abdul Rashid of Revolution Growth discusses the importance of TemperPack's packaging in the growing perishable delivery market.
Check them out on the Future Food Cast Podcast below.
Our Products
ClimaCell
High performance, curbside recyclable insulation for high velocity last mile operations.
Caroline's Cakes and TemperPack: A Recipe for Sustainability
The Challenge
Caroline’s Cakes’ brand potential was being limited by its packaging.
Their team received consistent feedback from customers disappointed to see the cakes arrive in expanded polystyrene foam cooler (EPS, often known as Styrofoam®) and frustrated with the burden of disposing it. To address those concerns, meet the heightened expectations of fans around the country, and live up to their own values, the Caroline’s Cakes team looked to re-design their pack-out with better materials.
- Customer Quote -
Working with the TemperPack team has exceeded expectations at every opportunity. They approached our issue with care and concern for us as a customer and were active participants in troubleshooting our packaging wants and needs. Their hard work and attention to detail has helped us to transition to completely recyclable packaging without any disruption in our day-to-day operations. I value the relationship we have built and look forward to the next project that I can work on with their team.
Richard R. Reutter
President & CEO, Caroline’s Cakes
The Challenge
Caroline’s Cakes’ brand potential was being limited by its packaging.
Their team received consistent feedback from customers disappointed to see the cakes arrive in expanded polystyrene foam cooler (EPS, often known as Styrofoam®) and frustrated with the burden of disposing it. To address those concerns, meet the heightened expectations of fans around the country, and live up to their own values, the Caroline’s Cakes team looked to re-design their pack-out with better materials.
- Customer Quote -
Working with the TemperPack team has exceeded expectations at every opportunity. They approached our issue with care and concern for us as a customer and were active participants in troubleshooting our packaging wants and needs. Their hard work and attention to detail has helped us to transition to completely recyclable packaging without any disruption in our day-to-day operations. I value the relationship we have built and look forward to the next project that I can work on with their team.
Richard R. Reutter
President & CEO, Caroline’s Cakes
The Process
Discovery
Understanding Caroline Cake’s requirements, including fulfillment process, payload specs, shipping lanes, optimal temperature, and more.
Design
Developing pack-out designs to meet those needs. For Caroline’s Cakes, the engineers had to consider a few specific criteria:
Summer Heat
Caroline’s Cakes ships out of its Spartanburg, SC facility and has a large base of fans in the South. The shipper design had to stand up to summer conditions beyond ISTA-7E.
Air Flow in the Shipper
To protect the bottom of the cake and maintain consistent temperature throughout the box, TemperPack designed a corrugated tray to elevate the cake tin and create space for airflow.
Multiple Sizes & Payloads
The TemperPack team designed four shippers for various cakes, cake bites, BBQ, and seasonal items.
Design Criteria
Summer Heat
Caroline’s Cakes ships out of its Spartanburg, SC facility and has a large base of fans in the South. The shipper design had to stand up to summer conditions beyond ISTA-7E.
Air Flow in the Shipper
To protect the bottom of the cake and maintain consistent temperature throughout the box, TemperPack designed a corrugated tray to elevate the cake tin and create space for airflow.
Multiple Sizes & Payloads
The TemperPack team designed four shippers for various cakes, cake bites, BBQ, and seasonal items.
Qualification
Testing multiple samples of every design against Caroline’s preferred ambient profile, to ensure shippers would maintain frozen temperature during the summer.
The Results
Customer Review, October 2023
"5 Stars - Thanks for the great product, and the careful packaging and shipping!"
Customer Review, December 2023
"The care and attention to detail in packaging are as impressive as the cake! Thank you!"
100,000
LBS of EPS
By switching from EPS to ClimaCell, Caroline’s Cakes will help keep 100,000 pounds of EPS from going into landfills each year, a win for cake fans everywhere.
TemperPack Taps Renewable Energy Leader Peter Wells as Chief Executive Officer
TemperPack, the leading producer of sustainable materials for last mile cold chain shipping, has appointed Peter Wells as its new Chief Executive Officer.
Most recently, Peter served as CEO of Smart Wires, Inc, a leader in grid digitization and the acceleration of the adoption of renewable energy sources. Previously, Peter was CEO of General Electric’s Onshore Wind Energy division in Europe. Earlier in his career, Peter held leadership roles in nuclear and wind energy at GE, Vestas, and a range of start-ups and large corporations in the US and Europe.
Peter arrives at TemperPack during a time of expansion, with its acquisition of KTM Industries in late 2022 and the launch of its new WaveKraft platform earlier this year. The company has a workforce of over 700 employees in five facilities across the US. Its products are the leading alternatives to expanded polystyrene foam for perishable shipments, and its client roster includes leading food, pharmacy, and biotech companies.
“TemperPack’s a great company with a mission that matters. Its founders and leaders have built an organization committed to making a positive impact by meeting the needs of the market, with high performance, sustainable solutions. I’m thrilled for the opportunity to lead the company into its next chapter of growth.”
— Peter Wells, Chief Executive Officer
“Peter is the ideal person to lead TemperPack during this exciting time. We conducted a wide-ranging, extensive search, and after careful consideration, Peter rose to the top. He’s been successful leading startup, venture-backed companies and large public enterprises. He has great vision as well as the ability to roll up his sleeves in the day-to-day business,” said Jeff Possick, TemperPack Board Member and Managing Director, Goldman Sachs Asset & Wealth Management.
“Peter’s leadership, strategic acumen, and commitment to innovation match the culture and opportunity at TemperPack. He’s driven by a strong sense of purpose and has spent over 15 years leading companies in the sustainability space. He has a proven ability to bring people together to take on big, important challenges,” said Katrin Burt, TemperPack Board Member and Managing Partner at Grosvenor Food & AgTech.
About TemperPack
TemperPack’s mission is simple: protect products with materials that protect the planet. TemperPack was founded in 2015 to allow enterprises to ship perishable products without expanded polystyrene foam insulation (EPS, Styrofoam®) and other unnecessary plastic waste. Today, TemperPack is the largest producer of sustainable materials that protect temperature-sensitive shipments of food and life science products. Headquartered in Richmond, VA, the company develops and scales solutions that disrupt unsustainable packaging technologies and reduce the environmental impact of e-commerce. TemperPack’s products protect millions of shipments every month.
2022 Impact Report
In 2022, we expanded our solutions to displace single use plastic packaging, through:
Acquiring KTM Industries and their compostable Green Cell Foam
Launching WaveKraft, an on-demand, curbside recyclable, paper insulation system
But protecting the earth also means understanding our own impact, setting goals for reducing that impact, and sharing all that information with stakeholders. If you’ve made it to our website and are reading this, you’re a stakeholder. We welcome any feedback you have.
Our impact on the environment .
As a company dedicated to reducing the environmental burden of packaging, it matters to us that we know the impact of not only what we make, but how we make it.
Scope 1
814MT of CO2e
This number includes gas for trucks, natural gas, and propane used in our operations in 2022.
Scope 2
3,992MT of CO2e
This number includes purchased electricity used at all five facilities in 2022.
Scope 3
18,321MT of CO2e
This estimate comes from partial data from upstream and downstream activities, including raw material production, transportation, and disposal of our products. Emission calculations sourced from our LCA model built in SimaPro using EcoInvent and DATASMART databases. As our first year disclosing Scope 3, we expect this number to be more accurate next year, with the inclusion of employee travel and other material categories.
Intensity Factors by Product
| 2021 | 2022 | ||
|---|---|---|---|
| ClimaCell | |||
|
Scope 1 + 2 (KG CO2e per Kit) |
0.11 | 0.15 | |
| kWh per Kit | 0.31 | 0.30 | |
| Green Cell Foam (Q3/Q4 2022) | |||
|
Scope 1 + 2 (KG CO2e per Kit) |
- | 0.04 | |
| kWh per Kit | - | 0.07 | |
Intensity Factors by Facility
| Scope 1 | Scope 2 | ||
|---|---|---|---|
| ClimaCell (KG CO2e/kit) | |||
| Richmond, VA | 0.035 | 0.089 | |
| Las Vegas, NV | 0.006 | 0.179 | |
| Green Cell Foam (KG CO2e/board foot) | |||
| Holt, MI | 0.008 | 0.032 | |
| Reno, NV | 0.004 | 0.028 | |
Increasing efficiency within our facilities.
On the ClimaCell side of the business, we made some material changes in our manufacturing process in our Richmond facility in 2022, which led to a 8 percent decrease in kWh per kit used.
We also ramped up a second manufacturing line in Las Vegas, which accounts for the increase in per kit kWh out of that facility.
| Facility | 2021 | 2022 | % Change |
|---|---|---|---|
| Richmond, VA | 0.268 | 0.249 | -8% |
| Las Vegas, NV | 0.367 | 0.383 | 4% |
- Waste Diversion -
Cleaning House, One Step at a Time
By partnering with local material experts, we’ve diverted the following from ending up in landfills:
3,000 lbs
of food and organic waste from landfill by composting with NOPE
X lbs
of mixed paper, plastic, and metals by recycling with TFC Recycling
X lbs
of flexible plastic and hard to recycle materials through TerraCycle
In 2022, we protected over 30 million shipments of perishable goods with ClimaCell. By replacing their EPS insulation with ClimaCell, our customers avoided the creation of 40 million KG of CO2e.
That's the same as...
600K+
trees being planted and grown for 10 years.
+23%
increase over 2021
1.5MM+
light bulbs changed from incandescent to LED.
+18%
increase over 2021
8.6K+
cars taken off the road for an entire year.
+35%
increase over 2021
7K+
American home’s electricity use for an entire year.
+22%
increase over 2021
Our benchmarks on social responsibility.
“I found TemperPack when I was looking for a job with a company more aligned with my personal values. I was determined to find a company that was creating and facilitating change to help our planet.”
— Mollie Jarrett, Account Management, 4 years at TemperPack
Statistics
We're an ambitious company looking to do right by our employees.
71%
Response Rate to our Employee Engagement Survey
78%
Work Force “diversity” rate
Diverse is defined as traditionally under-represented groups across criteria including gender, race, or ethnicity.
33%
of our work force is female.
According to the US Census, women make up only 30% of manufacturing workforce across the United States. As an American manufacturing company, we are proud to have a higher-than-average proportion of women in our workforce and embed programs, such as the LADIES Network, to support our women in career and leadership development.
L.A.D.I.E.S Group
After establishing the Leadership and Development In Executing Success (L.A.D.I.E.S) in 2020, TemperPack has continued to invest and empower its workforce for all genders by partnering with Cascade Leadership Partners for career development coaching. The group plans to use this training to launch a peer-to-peer coaching program to problem-solve and strengthen cross-functional relationships as the company continues to grow.
MRF Visit
In November, our sales, product engineering, and sustainability teams visited our regional material recovery facility, TFC Recycling, in central Virginia. In addition to deepening our ongoing relationship with stakeholders who process our product at the end of its life, the visit yielded industry insights for our team to apply to sustainable packaging design and market growth.
Family Day
This fall, TemperPack hosted our inaugural Family Day at each facility in Virginia in Nevada to share our mission with family and friends. Volunteers hosted guided tours of our manufacturing plants, highlighting the history of our purpose and our commitment to innovation in both our products and our process.
Evaluating the governance of our business .
Our company’s commitment to maintaining ethical and responsible practices in all aspects of our operations, including our management structure, decision-making processes, and overall corporate governance.
- Governance -
In 2021, we partnered with Goldman Sachs Asset Management for an equity fundraising round. This strategic move enabled us to expand our operations and increase our market share while also gaining access to Goldman Sachs' expertise in building value across the enterprise, including best practices in ESG.
Materiality Topics
Identified 3 Material Topics: Climate Change, Product Excellence, and Manufacturing Efficiency that will shape our goals
ESG Committee
After establishing our ESG Committee in 2021, the group expanded to include the SVP of Sales, VP of Supply Chain, and CFO to oversee sustainability reporting, communication, and set goals for improving our impact.
ISO Certification
Our manufacturing facilities in Richmond, Virginia and Las Vegas, Nevada both feature ISO certification.
ISTA Certification
We maintained our ISTA certification in our Richmond testing and R&D facility, Proving Ground. With the KTM Industries acquisition, we've added a second testing facility to our portfolio in Holt, Michigan.
In 2022, our ISTA Certified lab was busy testing thermal performance of ClimaCell against incumbent insulation materials to curate custom pack outs for our customers.
663
Customer Pack-outs Tested
146
Custom Lab Reports Published
- Strategic Partnerships -
Lastly, we have purposefully surrounded ourselves with partners who help us stay informed and provide counsel when needed. In addition to our board, these include:
Clinton Global Initiative
In August 2022, we were asked to speak at the Clinton Global Initiative, an event that brings together those that are taking action on the world’s most pressing challenges. The event, put on by the Clinton Foundation focused on taking action together, and shed light on solutions like ClimaCell, helping eliminate the need for plastic-based insulating products.
Improving our impact in 2022
Product Composition
Reduced the thickness of LDPE coating of our outer paper by 50% and increased the usable fiber in our outer paper, making it more valuable to MRFs and paper mills.
Silo Project
Reducing trucks, reducing carbon in upstream activity, increasing efficiency and air quality of manufacturing plant.
WaveKraft
Launched WaveKraft, paper-based thermal insulation that reduces truck deliveries by 10x.
Our goals for 2023.
We think the best packaging solutions are one’s that use the least amount of material necessary, require the smallest amount of energy to produce, and can be produced, stored, and disposed of as efficiently as possible. With that in mind, here are our goals for 2023.
Build a Green Cell Foam vs. EPS comparative LCA model and submit it for panel for review to understand the product’s environmental impact.
Develop a more robust methodology for calculating Scope 3 emissions for our top material categories.
Reduce safety TRIR incidents by 25% for 2023.
Complete audit of supply chain to bolster transparency, mitigate risks, and find opportunities for greater efficiencies and improved environmental impacts.
Develop baseline impact metrics for our new WaveKraft product line.
Why we built WaveKraft.
A really good idea will tend to haunt you.
At TemperPack, discovering those ideas is our job. The Nobel prize-winning Hungarian scientist Albert Szent-Györgyi once stated that, “Discovery is simply seeing what everyone else has seen – but thinking what no-one else has thought.”
In 2015, upstart meal-kit companies were faced with a major packaging problem. They needed to figure out how to send millions of boxes of fresh food to houses across the country each week – without using Styrofoam coolers to keep items cold.
This is when (and why) we started TemperPack.
Our first discovery was jute – a natural fiber grown in South Asia but cheaply available in the US in the form of discarded burlap bags used for coffee and cacao imports. We also discovered that bedding and felt companies in the US had available capacity due to the rising popularity of foam mattresses. We connected the dots and started making thin, compostable insulation blankets from 100% recycled jute fibers. We pitched this as a new type of packaging that was highly insulating, flexible, plant-based, cushioning – and available at a low cost. The idea caught on and from 2015 to 2018, TemperPack manufactured and sold tens of millions of pounds of plant fiber packaging insulation. During this time, we also developed and commercialized PopBox, which allowed customers to replace millions of non-recyclable bubble foil liners with a fully recyclable, paper-based box liners.
We were in business...
but we weren’t totally comfortable (and I hope we never are).
We constantly asked our customers to imagine better versions of our products. What would it look like? What would it allow them to do more effectively? They told us that a better version of our plant fiber insulation would be compatible with the paper recycling stream, and that it would be lighter, faster to pack, and more rigid. They said a better version of our product would have tighter tolerances, a more consistent fit, and a wider performance range. It should be cheaper, and it should also be available in even larger volumes. It should be natural, but not “too natural” – no dust or noticeable smell. Clean & consistent. And they wanted it nationwide.
So we went out to discover. After inventing and discarding several novel material concepts – we noticed that food snacks (like Cheetos, made from puffed corn) were lightweight, cheap, renewable and had surprisingly good insulating qualities due to their foam structure. They were water soluble. They also could be made anywhere and, being made of starch, possessed a natural adhesive quality. We invented insulation panels that combined paper with puffed corn starch to line the walls of a cardboard box. We named the new product “ClimaCell”. Today, ClimaCell (along with our Green Cell Foam product line) is being produced across the country, protecting millions of food shipments each week.
But we're still not satisfied with our products...
and will never be.
About 18 months ago, we again asked our customers to imagine a better version of packaging. Again – what would it look like? What would it allow them to do more effectively? This time, they didn’t describe a “faster horse”. They told us about the burden of receiving multiple truckloads a day of packaging insulation, and the pain of storage and inventory management. They told us about the challenge of multi-week lead times. In short, they didn’t tell us about a better version of packaging insulation, they lamented the fact that packaging insulation was necessary to begin with. This was key because, as Peter Drucker says, “Nothing is less productive than to make more efficient what should not be done at all”.
This is why we invented WaveKraft. It makes storage in a fulfillment center disappear.
WaveKraft is made from paper and is easily recycled with the cardboard box that consumers get each week. WaveKraft is also made on a machine that is 99% smaller than a traditional manufacturing operation – meaning that customers can put a machine right on their floor. Using WaveKraft for a year, customers can avoid over 1,000 inbound trucks and reclaim 80% of the storage space that they currently use for packaging insulation. We’re excited to offer a solution that is not only cheaper, but far more versatile and easier to use than what’s available on the market today.
Had you told me in 2015 that we would have a team of 600+ spread across 4 manufacturing sites producing millions of sustainable packaging products each week I might not have believed you. But I’ve learned that growth happens when you relentlessly do what you feel you are unqualified to do. We’re excited to launch WaveKraft – and we’re excited to make it better. Our customers will always be the foundation of our drive to invent. Whatever we do, it’ll never be good enough – and that’s why I love going to work.
- James McGoff
Chief Product Officer
& Co-founder
TemperPack
WaveKraft
Our latest invention.
Designed for operations. Sustainable by design.
We believe the best packaging solution is one that uses the smallest amount of necessary material, can be stored as efficiently as possible, and can be easily recycled. We have always set these guiding principles when we develop new products, and WaveKraft is no different. If you’re ready to revolutionize your fulfillment operation, let’s talk.
TemperPack Closes Acquisition of KTM Industries, Inc.
TemperPack Closes Acquisition of KTM Industries, Inc.
Richmond, VA – September 6, 2022 – TemperPack® Technologies, Inc, a manufacturer of sustainable materials for cold chain packaging, announced that it has closed the acquisition of KTM Industries, Inc.
The acquisition was first announced on August 2nd, 2022.
KTM Industries is the maker of Green Cell Foam, a starch-based insulation material that is one of the protect perishable food and life science shipments. With this move, TemperPack will be able to offer customers an expanded product line and increased market coverage. The combined enterprise will have over 700 employees in four U.S. locations: Holt, MI, Las Vegas, NV, Reno, NV, and its headquarters in Richmond, VA.
“We’re thrilled to have completed the transaction and come together as one TemperPack. We’re excited to begin the process of working together to integrate our businesses and build on our strengths. Together, we are committed to bringing the market protective materials that are better for people and the planet.”
— Bob Beckler, Chairman and CEO
About TemperPack
TemperPack is the largest producer of sustainable cold chain materials for food and life sciences products in the U.S. The company’s mission is simple: protect products with materials that protect the planet. TemperPack was founded in 2015 to allow enterprises to ship perishable products without unnecessary plastic waste. Headquartered in Richmond, VA, with operations in Holt, MI, Las Vegas, NV, and Reno, NV, the company develops and scales innovative solutions that disrupt unsustainable packaging technologies. TemperPack’s products protect millions of shipments every month.
TemperPack Acquires KTM Industries, Inc.
TemperPack brings on Green Cell Foam, expanding its footprint in sustainable, protective materials
Richmond, Virginia (August 02, 2022) – TemperPack® Technologies, a manufacturer of high- performance, sustainable thermal insulation for cold chain packaging, announced today that the company has reached an agreement to acquire KTM Industries, subject to customary closing conditions. With this move, TemperPack will be able to offer customers an expanded product line and increased market coverage. Once the transaction is closed, the combined enterprise will have over 700 employees in four U.S. locations: Richmond, VA; Las Vegas, NV; Reno, NV; and Holt, MI.
The acquisition brings together two industry leaders in the development of renewable materials to compete with plastic foams and other harmful materials used in cold-chain and non-thermal, protective packaging. As TemperPack integrates teams, systems, and operations, it will leverage the capacity and expertise at each facility to offer customers the right solutions to meet their needs.
“We are exceptionally pleased to bring together these two companies with disruptive technologies and complementary, high-performance products including ClimaCell and Green Cell Foam to serve the rapidly growing need for sustainable, protective materials. The strategic fit of TemperPack and KTM could not be stronger. ”
— Bob Beckler, Chairman and CEO
Tim Colonnese, President and CEO of KTM, said “This is an exciting milestone for us, one that will create great opportunities to expand Green Cell Foam. We are fully aligned with the mission of TemperPack which is to provide engineered, protective materials that eliminate the need for synthetic foams which harm the environment. We are pleased to be joining forces with one of the most innovative and fast-growing companies in the industry.”
The transaction is expected to close in August, 2022.
About TemperPack
TemperPack is the largest producer of sustainable cold chain materials for food and life sciences products in the U.S. The company’s mission is simple: protect products with materials that protect the planet. TemperPack was founded in 2015 to allow enterprises to ship perishable products without unnecessary plastic waste. Headquartered in Richmond, VA, and with operations in Richmond and Las Vegas, Nevada, the company develops and scales innovative solutions that disrupt unsustainable packaging technologies. TemperPack’s products protect millions of shipments every month.
About KTM Industries
Green Cell Foam, a product of KTM Industries Inc., is a unique natural, environmentally friendly packaging material. Available since 2002, Green Cell Foam provides customers with an eco-conscious, compostable alternative made from cornstarch. The company provides design, testing and fabrication services at its Holt, Michigan and Reno, Nevada facilities. KTM has helped customers replace undesirable expanded polystyrene foam coolers in the pharmaceutical, specialty food and nutritional supplement industries, preventing over 10 million plastic-based coolers from filling landfills across the country.
