Loctote Industrial Bag Co, a Theft-proof and slash-proof bag, was started by Adam McBride and Don Halpern in 2015. As of November 2023, Loctote Industrial Bag Co.’s net worth of 2023 is unavailable. However, as per the company valuation on shark tank pitch, It is $3 Million and they’re pulling in a whopping $1 Million in annual revenue. 

On April 21, 2017, they appeared on season 8 of Shark Tank USA and made a deal with Robert Herjavec, for $150,000 for 10% equity. The final valuation was $1.5 Million, down from the founder’s initial estimate of $3 Million.

LOCTOTE anti-theft bags allow you to never compromise on safety and the company is still in business. Their products are available to purchase on the official website.

Loctote Industrial Bag Co Net Worth

Net worth$3 Million (Company Valuation)
Annual Sales Revenue$1 Million (2022)
Lifetime sales
InvestorRobert Herjavec
FoundersAdam McBride and Don Halpern
Employees10 to 40

Loctote Industrial Bag Co Net Worth Timeline

Net Worth 2023Unavailable
Net Worth 2022$3 Million
Net Worth 2021$2 Million
Net Worth 2020$1.5 Million
Net worth valuation in 2017 after appearing on Shark Tank  $1.5 Million
Net worth valuation in 2017 before appearing on Shark Tank  $3 Million

Loctote Industrial Bag Co Pitch on Shark Tank

ProductTheft-proof and slash-proof bag
EpisodeSeason 08 Episode 22
Founders Adam McBride and Don Halpern
Asked for$150,000 for 5% equity
Company nameLoctote Industrial Bag Co
Final deal$150,000 for 10% equity + $10/bag
SharkRobert Herjavec
LocationEast Main Street, New Albany, Ohio

Don’t miss these products from Season 8

Loctote Industrial Bag Co. Founders

Loctote Industrial Bag Co. was founded by Adam McBride and Don Halpern in 2015. They faced several challenges when they brought the product into the market. They have overcome every problem that they have faced. Loctote Industrial Bag Co’s founders, Adam McBride, and Don Halpern net worth is unknown as of 2023.

Key accomplishments

2017Loctote Industrial Bag Co becoming the highest-grossing backpack ever in the history of Kickstarter in 2017.
2017Loctote Industrial Bag Co. appeared on Shark Tank.


From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future of Sand Cloud and its continued success.

Similar Posts