What is PackRite?
Established in 1938, Packrite specializes in manufacturing dependable sealing equipment designed to meet stringent cost and productivity objectives within the packaging sector. Their comprehensive product portfolio includes band sealers, heat jaw sealers, hand rotary sealers, and conveyors, catering to diverse industries such as produce, snack foods, and medical applications. The company is recognized for its durable equipment, which requires minimal maintenance, and its knowledgeable customer service, reinforcing its reputation for quality and reliability in the industrial equipment market.
How much funding has PackRite raised?
PackRite has raised a total of $787K across 2 funding rounds:
Debt
$637K
Debt
$150K
Debt (2025): $637K with participation from Huntington National Bank
Debt (2025): $150K led by Huntington National Bank
Key Investors in PackRite
Huntington National Bank
Huntington National Bank is a financial institution that provides a range of banking and financial services, including commercial lending and debt financing, to businesses across various sectors.
Huntington National Bank
Huntington National Bank is a financial institution that provides a range of banking and financial services, including commercial lending and debt financing, to businesses across various sectors.
What's next for PackRite?
With the recent major strategic investment, Packrite is poised to further enhance its operational capabilities and potentially expand its market reach. The enterprise-level funding context suggests a focus on consolidating its position, optimizing production, or exploring new technological advancements in sealing and material handling. This strategic backing will likely enable Packrite to continue its legacy of providing high-quality, low-maintenance equipment while adapting to evolving industry demands and maintaining its competitive edge.
See full PackRite company page
