/Companies

Pennpak Solutions

Bethlehem, US · Founded 2022 · Delaware corporation

Find your way into Pennpak Solutions

Sign up to see every warm intro you have to Pennpak Solutions

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Pennpak Solutions team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

PennPak Solutions is a contract manufacturer (co-manufacturer) of powdered beverages, dietary supplements, and nutritional bars, producing items such as sports drinks, electrolyte mixes, protein bars, and custom formulations. It serves brands, entrepreneurs, and businesses seeking to bring supplement and beverage powder products to market, offering formulation support, packaging options, and both small- and large-scale production.

Founders & leadership

RTRichard Thompson
Richard ThompsonFounderRichard Thompson served as CEO of American Italian Pasta Company, The Meow Mix Company, and Freshpet, bringing operational expertise in manufacturing, supply chain, distribution, and marketing. He has directed the design and construction of seven manufacturing facilities.
TP
Tim PollakNamed on SEC filing
KC
Keith CaldwellNamed on SEC filing

Board

FB
Fernando BolanosBoard director
IS
Ira SteinbergBoard director

Reported raises · per SEC filings

Form D private placements

$26.7M disclosed across 6 rounds · 2022–2025

▶$2.3MraisedMar 2025 · 5 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard ThompsonExecutive Officer, Director
  • Fernando BolanosDirector
  • Ira SteinbergDirector
Offering amount
$2.5M
Amount sold
$2.3M
First sale
Mar 2025
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.5MraisedNov 2024 · 7 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard ThompsonExecutive Officer, Director
  • Ira SteinbergDirector
  • Fernando BolanosDirector
Offering amount
$3.5M
Amount sold
$3.5M
First sale
Nov 2024
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.8MraisedAug 2024 · 6 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Fernando BolanosDirector
  • Richard ThompsonExecutive Officer, Director
  • Ira SteinbergDirector
Offering amount
$1.8M
Amount sold
$1.8M
First sale
Aug 2024
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4.6MraisedJun 2024 · 6 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Fernando BolanosDirector
  • Ira SteinbergDirector
  • Richard ThompsonExecutive Officer, Director
Offering amount
$4.6M
Amount sold
$4.6M
First sale
Apr 2024
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3MraisedMay 2023 · 6 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Tim PollakDirector
  • Keith CaldwellExecutive Officer, Director
  • Richard ThompsonExecutive Officer, Director
  • Ira SteinbergDirector
  • Fernando BolanosDirector
Offering amount
$3M
Amount sold
$3M
First sale
May 2023
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$11.5MraisedJul 2022 · 5 investors · Manufacturing
Rule 506(b)
Officers, directors & promoters on the filing
  • Richard ThompsonExecutive Officer, Director
  • Keith CaldwellExecutive Officer, Director
Offering amount
$11.5M
Amount sold
$11.5M
First sale
Jun 2022
Incorporated
Corporation, Delaware, 2022
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 3

Companies working in the same space as Pennpak Solutions.

Frequently asked questions

What does Pennpak Solutions do?
PennPak Solutions is a contract manufacturer (co-manufacturer) of powdered beverages, dietary supplements, and nutritional bars, producing items such as sports drinks, electrolyte mixes, protein bars, and custom formulations. It serves brands, entrepreneurs, and businesses seeking to bring supplement and beverage powder products to market, offering formulation support, packaging options, and both small- and large-scale production.
How much funding has Pennpak Solutions raised?
Pennpak Solutions has disclosed $26.7M raised across 6 rounds.
Where is Pennpak Solutions headquartered?
Pennpak Solutions is headquartered in Bethlehem, US.