TemperPack Technologies secured $140 million in equity financing led by Goldman Sachs Asset Management to expand its production capabilities and sustainable thermal insulation solutions.

Information on the Target

TemperPack® Technologies is a prominent manufacturer specializing in sustainable thermal insulation solutions for cold chain packaging. The company has rapidly expanded its operations, propelled by increasing demand for its innovative ClimaCell® thermal liners, which serve as a more environmentally friendly alternative to traditional expanded polystyrene (EPS or Styrofoam®). ClimaCell products are non-toxic and curbside recyclable, contributing to efforts to minimize plastic waste and lower carbon emissions associated with the shipping of perishable products, pharmaceuticals, and life science materials.

Since its inception in 2015 by founders James McGoff, Brian Powers, and Charles Vincent, TemperPack has aimed to facilitate the shipment of temperature-sensitive items while prioritizing sustainability. With a mission to protect products using eco-friendly materials, the company currently processes millions of shipments each month, reinforcing its role as a leader in sustainable packaging solutions.

Industry Overview in the United States

The cold chain packaging industry in the United States has witnessed significant growth due to the rising demand for fresh and perishable products, especially amid the growing online grocery and food del