Loctote Industrial Bag Shark Tank Update

drawstring pack that is cut-resistant

Fell ThroughNow:ThrivingFashion & BeautySeason 8, Episode 22Cleveland, OHWebsite

What Happened to Loctote Industrial Bag After Shark Tank

Is Loctote Industrial Bag still in business? Yes — still in business and thriving.

$3M

estimated annual revenue

Deal Fell Through

Deal did not close; founders and Robert Herjavec could not agree on terms after the show

  • The deal with Robert never closed.
  • July 2022: Company had sold over $6 million worth of bags.
  • Still in business with annual revenue of approximately $1 million as of November 2023.

Last verified Apr 1, 2026. Web-confirmed sources.

Get updates on Loctote Industrial Bag

The Loctote Industrial Bag Shark Tank Pitch

Loctote Industrial Bag, from Cleveland, OH, pitched on Shark Tank Season 8, Episode 22, which aired Friday, April 21, 2017, asking for $150,000 for 5% of the company — a $3M valuation.

Robert Herjavec agreed to invest $150,000 for 10% equity, valuing the company at $1.5M, plus a royalty per unit. The deal fell through after the show. Deal did not close; founders and Robert Herjavec could not agree on terms after the show.

Watch the Pitch

Pitch Details

Aired
S8E22Apr 21, 2017
Ask
$150,000for 5%
Ask Valuation
$3M

Deal Terms

Terms agreed on air. The deal did not close.

Amount
$150,000
Equity
10%
Valuation
$1.5M
Royalty
yes per_unit
Robert HerjavecRobert Herjavec