Tanbark Molded Fiber Products, Inc.
Saco and Portland, ME
About Tanbark Molded Fiber Products, Inc.
Tanbark Molded Fiber is rethinking a century-old product for modern times. As consumers better understand the environmental impact of plastic packaging and single use plastics, Tanbark is meeting the growing demand for sustainable alternatives.
The company produces molded fiber packaging, including clamshells and containers, using plant-based materials that are fully biodegradable and compostable. Their products serve the food service, cosmetics and medical supplies industries and wherever single use plastics might apply, providing an eco-friendly alternative to plastic containers without sacrificing functionality.
Based in Maine, Tanbark is helping to revive the forest economy while addressing one of the most pressing environmental issues of our time: plastic pollution. Their products demonstrate that sustainable alternatives can compete with conventional plastics on both performance and price.
“Tanbark is committed to helping replace rigid, single-use plastic packaging. We recognize this is a Herculean effort requiring collaboration among industries, including the investment community. Capital from Flex Fund is helping us increase production and ramp up staff, capacity, and resources. Our first-to-market small machines level the playing field for businesses that want to switch to sustainable, Type 3 molded fiber packaging by providing affordable, low-volume access. Then, we scale as they grow. Partners like Flex Fund help make this possible.”
Investment Details
Amount
$75,000
Investment Type
Preferred Stock
Date of Investment
2023
Company Info
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