Footprint International Holdco, Inc.
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Footprint International Holdco, Inc. - overview
Established
2014
Location
-, AZ, US
Primary Industry
Materials
About
Founded in 2014 and based in Arizona, US, Footprint International Holdco, Inc. , also known as Footprint, operates as a materials science company that offers plant-based alternatives to replace single-use and short-term usage plastics. The company was founded by its CEO Troy Swope and CTO Yoke Chung. In December 2021, Gores Holdings VIII, Inc.
, a SPAC backed by The Gores Group, agreed to merge with Footprint, LLC for USD 805 million. As of 2022, the company employs more than 2,500 employees and more than 30 issued and pending patents. Footprint designs, develops, and manufactures plant-based compostable products such as meat trays, shelf stables, cups, and lids through its Footprint Barrier Technology™ for companies in the retailer, consumer packaged goods, and food and beverage sectors. As of 2022, the company sells its products on Amazon and other e-commerce sites, and its client base includes Conagra, General Mills, Gillette, JBS Foods, Kraft, McDonald’s, Nestle, and Upfield.
Following the transaction, the combined company will be named Footprint International, Inc. and is expected to be listed on NASDAQ under the ticker symbol FOOT.
Current Investors
Olympus Partners
Primary Industry
Materials
Sub Industries
Packaging, Biomaterials
Website
www.footprintus.com
Verticals
Clean Technology, Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
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Footprint International Holdco, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Footprint International Holdco, Inc. | - |
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Footprint International Holdco, Inc. - employee data
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