Ranpak

#7919

Rank

$292.29M

Marketcap

United States

Country

Leadership team

Mr. Omar Marwan Asali (Founder, CEO & Chairman)

Mr. William E. Drew (Sr. VP & CFO)

Mr. Michael S. Gliedman (CTO & Director)

Products/ Services

Manufacturing

Number of Employees

500 - 1000

Headquarters

New Concord, Ohio, United States

Established

1972

Company Registration

SEC CIK number: 0001712463

Revenue

100M - 500M

Traded as

PACK

Social Media

URL

https://www.ranpak.com

Overview

Location

Recognition and Award

References

Summary

Ranpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands. The company's products also include line automation products, which help end users automate the void filling and box closure processes after product packing is complete. It sells its products to end users primarily through a distributor network, and directly to select end users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.

History

The company traces its origins to a machine patented by George R. Johnson in 1970 that converted kraft paper into shock absorbing crinkled paper for use in cushioning auto-parts to prevent such items being damaged in shipment.Johnson, working with entrepreneur and engineer, Raymond Q. Armington, an inventor with several packing- and storage related patents to his name, incorporated the company in 1972. Armington became its chairman, a position he held until his death in 1993. In early 2002, David M. Gabrielsen was appointed president and CEO of Ranpak replacing Steven E. Armington, son of the co-founder.In December 1991 Ranpak opened its first foreign manufacturing center in Heerlen, Holland. The plant produced packing material and packing machines for the European market.Ranpak's acquisitions include:

Eco-Pak Industries, a Kent, WA-based company specializing in biodegradable and recyclable packing material founded by entrepreneur and actor, John Ratzenberger, best known as Cliff Claven of Cheers. Ratzenberger held partial ownership for a period after the sale.

Geami, a packaging company in Raleigh, North Carolina, specializing in recyclable, paper-based materials.

e3neo, a French-based company specializing in automated packing and packaging machinery and inventory and logistics management software.

Creapaper GmbH, a German supplier of grasspaper and grasspaper products, acquired in October, 2021.

Recycold Cool Solutions BV, a Dutch-based manufacturer of sustainable cool packs made from plant-based materials, purchased in 2021.

Mission

Ranpak's mission is to enable our customers to seamlessly deliver products to their customers with comfort, confidence, and convenience while eliminating complexity and managing costs.

Vision

Ranpak's vision is to be the leading provider of intelligent, sustainable packaging solutions that improve the delivery and experience for customers, shippers and consignees alike.

Key Team

Mr. Antonio Grassotti (Managing Director of APAC)

Mr. Eric Laurensse (Managing Director of Europe)

Ms. Sara A. Horvath (VP, Gen. Counsel & Sec.)

Mr. Bharani Bobba (Head of Growth Strategies)

Mr. David Murgio (Chief Sustainability Officer)

Mr. Jason Cho (Managing Director of Bus. Devel.)

Recognition and Awards

The company has earned numerous awards for its focus on customer experience, sustainability, and innovation, including the Top Green Award from the Sustainable Packaging Coalition and the Best User Experience distinction from Consumer Reports.