Welcome to our dedicated page for Ranpak Holdings news (Ticker: PACK), a resource for investors and traders seeking the latest updates and insights on Ranpak Holdings stock.
Ranpak Holdings Corp. (NYSE: PACK) is a manufacturing company focused on environmentally sustainable, systems-based product protection and end-of-line automation solutions for e-commerce and industrial supply chains. This news page aggregates announcements and updates directly related to Ranpak’s operations, partnerships, product launches, and financial performance.
Readers can expect coverage of quarterly and annual financial results, where Ranpak reports trends in net revenue, adjusted EBITDA, packaging system placements, and the performance of its cushioning, void-fill, wrapping, and automation product lines. Earnings releases often include management commentary on regional performance across North America and Europe/Asia, as well as updates on cost initiatives and margin improvement efforts.
The news feed also highlights strategic partnerships and commercial agreements. Recent examples include collaborations with large retailers and distributors to deploy Ranpak’s AutoFill, Cut’it! EVO, Form’it!, Flap’it!, and related automation systems in high-volume fulfillment and distribution centers. These stories describe how automation and paper-based packaging solutions are used to improve throughput, reduce packaging waste, and support sustainability goals.
Product and technology announcements form another key category of Ranpak news. The company has introduced systems such as the FillPak Mini compact void-fill converter and showcased integrated end-to-end packaging solutions that combine paper packaging with automation, machine vision, and AI-driven technologies like DecisionTower and AutoFill.
Investors and industry professionals can use this page to follow Ranpak’s evolving role in e-commerce and industrial logistics, track its automation growth, and monitor developments in its sustainable packaging portfolio. For those interested in PACK stock, the news feed complements SEC filings and financial data by providing narrative context around Ranpak’s strategic direction and operational milestones.
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.
Summary not available.
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™.'
Summary not available.