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Ranpak Holdings Corp. (PACK) is a global leader in environmentally sustainable, in-the-box paper protective packaging systems and materials. With its headquarters located in Concord Township, Ohio, Ranpak is dedicated to providing systems-based product protection solutions for e-Commerce and industrial supply chains in North America and Europe.
Founded on the principle of 'random packaging,' Ranpak's offerings are designed to meet a wide array of packaging applications and requirements. The company's customer base spans multiple industries, including industrial, automotive, medical, consumer products, and technology sectors.
Ranpak's core business revolves around its comprehensive suite of protective packaging systems and paper consumables. These solutions are tailored to enhance the optimization, customization, and efficiency of end-of-line automation systems. The company's innovative products include paper void fill, cushioning, and wrapping solutions, all of which are geared towards reducing environmental impact while maintaining high levels of product protection.
In addition to its headquarters, Ranpak operates five manufacturing facilities strategically located in Nevada, North Carolina, Missouri, the Netherlands, and the Czech Republic. This global footprint enables the company to efficiently serve its diverse customer base across various regions.
Ranpak's financial health is reinforced by its robust revenue generation from Europe and Asia, where it derives the majority of its income. The company primarily monetizes by providing its protective packaging systems (PPS) and paper consumables directly to end-users and through a network of exclusive distributors. This business model ensures a steady revenue stream while fostering long-term partnerships with clients.
In recent years, Ranpak has achieved significant milestones, including the expansion of its product portfolio and the strengthening of its market position through strategic partnerships and collaborations. The company's commitment to sustainability and innovation continues to drive its growth and success in the competitive packaging industry.
For the latest updates and news about Ranpak Holdings Corp., visit their official website or follow them on leading financial news platforms.
Ranpak Holdings Corp. (NYSE: PACK) will announce its second quarter 2021 financial results on July 29, 2021, at 7:30 a.m. ET. A conference call will be held at 8:30 a.m. ET, which will be available via webcast at the provided link. A telephonic replay will be accessible from 11:30 a.m. ET on the same day until August 5, 2021. Ranpak, established in 1972, focuses on environmentally responsible packaging solutions, serving e-commerce and industrial supply chains with approximately 650 employees.
Ranpak Holdings Corp. (NYSE: PACK) has announced a strategic investment in Pickle Robot Company, enhancing its portfolio of automated packaging solutions. This investment follows the establishment of R Squared Robotics, aimed at improving logistics using AI and 3D computer vision. Ranpak aims to capitalize on automation technology to boost efficiency and offer cost savings to its customers. The collaboration with Pickle will integrate robotic systems in logistics, optimizing operations in the e-commerce supply chain.
Ranpak Holdings Corp. (NYSE: PACK) announced that underwriters have fully exercised their over-allotment option, purchasing an additional 750,000 shares at $21.00 each. This brings the total shares sold in the offering to 5,250,000, generating gross proceeds of approximately $110.3 million for Ranpak. The offering is set to close on June 1, 2021. Proceeds will be used primarily for debt repayment and corporate purposes, while the Selling Security Holders will receive approximately $10.5 million. The SEC declared the related registration statement effective on May 18, 2021.
Ranpak Holdings Corp. (NYSE: PACK) has priced a registered underwritten public offering of 5,000,000 shares of its Class A common stock at $21.00 per share, aimed at raising approximately $94.5 million for the company. This offering includes 4,500,000 shares from Ranpak and 500,000 shares from selling security holders. Additionally, the underwriter has a 30-day option for 750,000 more shares. Proceeds will be utilized for debt repayment and general corporate purposes. Closing is expected on June 1, 2021, subject to standard conditions.
Ranpak Holdings Corp. (NYSE: PACK) announced an underwritten public offering of 5,000,000 shares of its Class A common stock, including 500,000 shares from selling security holders. The company will grant underwriters a 30-day option for an additional 15% of shares. Proceeds will be used for debt repayment and general purposes. The offering is contingent on market conditions, with no assurance of completion timing or terms. Goldman Sachs & Co. and Baird are leading the offering, with additional managers involved.
Ranpak Holdings Corp (NYSE:PACK) reported a strong first quarter 2021, with net revenue rising 31.2% year over year to $85.0 million. This growth was driven by robust demand for protective packaging products, particularly in Europe and Asia, where sales surged 64.2%. Adjusted EBITDA increased by 54.7% to $28.0 million. The company's net income improved to $6.3 million from a loss of $3.6 million in Q1 2020. The balance sheet showed strong liquidity with $40.5 million in cash and no borrowings. Ranpak remains optimistic about future growth fueled by sustainability and automation trends.
Ranpak Holdings Corp. (NYSE: PACK) will release its Q1 2021 results on May 6, 2021, at 7:30 a.m. ET. A conference call and webcast are scheduled for 10:30 a.m. ET on the same day, accessible via a provided live link or by phone at (833) 579-0916. A replay will be available from 3:30 p.m. ET on May 6 until 11:59 p.m. ET on May 13, 2021. Founded in 1972, Ranpak focuses on eco-friendly packaging solutions and is recognized within e-commerce and industrial supply chains.
Ranpak Holdings Corp (NYSE: PACK) has launched the PadPak® Auto-Coiler, a new on-demand paper-based cushioning solution for heavy items. Designed to replace plastic and foam, this innovative technology enhances protection for products exceeding hundreds of pounds. The Auto-Coiler increases shock absorption with customizable options for various industries, including manufacturing and automotive. CEO Omar Asali emphasized the dual benefits of sustainability and profitability, aiming to assist manufacturers in meeting shipping and environmental goals. This launch strengthens Ranpak's position in sustainable packaging.
Ranpak Holdings Corp (NYSE: PACK) has achieved Chain of Custody certification from the Forest Stewardship Council® (FSC) for all its European manufacturing facilities. This certification ensures that packaging products for Europe, the Middle East, and Asia-Pacific markets will now be FSC certified. This move aligns with Ranpak's commitment to sustainability, allowing customers to use paper-based packaging sourced from responsibly managed forests. The announcement highlights an increased focus on reducing plastic use and improving environmental impact, reinforcing the company's mission to 'Deliver a Better World™.'
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