Karat packaging enters definitive joint venture agreement to build new factory in taiwan for manufacturing compostable foodservice products

-- investment further demonstrates company's green initiative and plan for enhanced vertical integration to accelerate growth -- chino, calif., april 07, 2022 (globe newswire) -- karat packaging inc. (nasdaq: krt) (karat), a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, today announced it has entered a definitive joint venture agreement with happiness moon, co. ltd (happiness moon) to establish a new corporation, green earth technology (green earth), to build a new 180,000 square-foot factory in taiwan.
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