TemperPack has raised more than $ 100 million from investors since its inception, and the company is now growing $ 100 million in annual revenue, Powers said.
The company’s sales are growing 65% annually, according to Powers and Beckler.
“The [COVID-19] The pandemic has spurred years of growth, “said Beckler of the company’s demand for food and drug deliveries.
TemperPack produces environmentally friendly, insulated packaging for deliveries of perishable goods such as food and medicines.
The company’s flagship is the ClimaCell Thermoliner, which offers a recyclable alternative to expanded polystyrene foam known as Styrofoam. His customers include manufacturers of delivery and frozen food as well as life science companies.
“ClimaCell is the core product that has fueled the company’s growth,” said Beckler. “It is the most environmentally friendly and best performing material to replace styrofoam for cold chain packaging,” he said. “Demand for this product continues to be explosive.”
The company’s goal now is to continue growing this line of products while developing others.
“This is Brian [Powers] will focus all of his time on sales and growth initiatives and will continue to explore new areas that TemperPack can penetrate, “he said.