Ranpak Holdings Stock Price, News & Analysis

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. Founded in 1972, Ranpak’s goal was to create the first environmentally responsible system to protect products during shipment, and its mission is to deliver sustainable packaging solutions that improve supply chain performance, reduce environmental impact, and support a variety of business needs globally.

Ranpak is headquartered in Concord Township, Ohio and has a global footprint, with operations that generate a significant portion of revenue from Europe and Asia, alongside North America. The company reports two primary geographic segments: North America and Europe/Asia. It trades on the New York Stock Exchange under the symbol PACK as a Class A common stock issuer.

Core business and revenue model

Ranpak generates revenue through a combination of net product revenue and machine lease revenue. According to its financial disclosures, its business is built around protective packaging systems (often referred to as PPS systems) and paper consumables, as well as automation equipment installed at customer sites. Customers include direct end-users and a network of exclusive paper packaging solution distributors. The company also reports revenue from automated box sizing equipment and non-paper revenue from packaging systems installed in the field, such as system accessories.

Ranpak’s installed base of protective packaging systems includes cushioning, void-fill, and wrapping product lines. Its financial reports detail thousands of PPS machines deployed globally, with placements growing over time. This installed base supports recurring demand for paper consumables and related services, while automation solutions add equipment and software-driven revenue streams.

Sustainable, paper-based packaging focus

A central theme in Ranpak’s public communications is the transition from plastic packaging to paper-based alternatives. The company describes itself as a global leader in sustainable paper-based packaging automation solutions and emphasizes helping businesses move away from plastic packaging through an extensive line of paper-based products and advanced automation systems. Its stated mission is to improve supply chain performance and costs while reducing environmental impact.

Ranpak’s product portfolio includes paper-based cushioning, void-fill, and wrapping systems designed to protect products during shipment. The company highlights that its solutions are used in e-commerce and industrial supply chains and that they aim to reduce shipped volume, optimize material usage, and support more sustainable packaging practices.

Automation and end-of-line solutions

Beyond consumable paper packaging, Ranpak has developed a growing automation business focused on end-of-line packaging processes. In its financial results and news releases, the company describes automation net revenue as a distinct contributor to growth, including automated box sizing equipment and other non-paper revenue from packaging systems installed in the field.

Ranpak’s automation offerings include systems that right-size boxes, form and seal cartons, insert pads, and automate void-fill and box closing. Examples mentioned in company announcements include:

• Cut’it! EVO™ – an automated right-sizing system that optimizes the height of shipping boxes after items are picked and packed, minimizes void, and automatically closes and seals boxes.
• Form’it!™ – an automated case or box-forming system that erects corrugated boxes from flat blanks.
• Flap’it!™ – an automated right-sizing solution designed for small, flat items.
• Pad’it!™ – an automated pad insertion system for streamlined operations.
• DecisionTower™ – technology that measures void and reduces errors, and in some deployments uses machine vision and AI to detect package contents and determine the precise amount of void-fill material needed.
• AutoFill™ – a fully automated solution for void filling and box closing that dispenses paper void fill and closes and seals boxes, working with DecisionTower in certain configurations.
• Print’it!™ – on-demand, full-color box-top printing across multiple box sizes.

Ranpak reports that automation net revenue has grown meaningfully, and that automation is a newer but expanding market for the company, particularly in North America. Management commentary in earnings releases highlights a robust automation backlog and growing adoption among large enterprise customers.

Key product and system examples

In addition to large-scale automation platforms, Ranpak has introduced more compact systems aimed at specific use cases. For example, the FillPak® Mini converter is described as a super compact, powered void-fill machine designed for space-constrained packing environments. It offers multiple operating modes, including batch mode and an electronic delivery system (EDS) mode that provides on-demand streams of packaging material at pre-selected dimensions. Features include an intuitive interface, foot pedal override for precise paper usage, and fast, easy reloading.

The company notes that FillPak Mini can be paired with its Geami® solutions at the same station to provide a range of paper wrapping and void-fill options. Ranpak also references cold chain packaging solutions designed to keep temperature-sensitive goods safe in transit while reducing reliance on less sustainable materials.

Customer relationships and partnerships

Ranpak’s disclosures and news releases describe relationships with large enterprise customers across sectors. The company has highlighted partnerships with major retailers and distributors, including agreements that involve deploying automated packaging systems across high-volume distribution and fulfillment operations.

For example, Ranpak has announced a strategic agreement with Walmart involving the installation of numerous AutoFill systems across multiple Next Generation Fulfillment Centers, and a transaction agreement under which Walmart received a warrant to acquire shares of Ranpak’s common stock. The company has also described partnerships with healthcare and book retail distribution companies to deploy Cut’it! EVO, Form’it!, Flap’it!, and other systems to improve throughput, reduce material use, and support sustainability goals.

Geographic footprint and segments

Ranpak reports two geographic segments: North America and Europe/Asia. Its financial commentary notes that a majority of revenue has historically been derived from Europe and Asia, with North American e-commerce activity described as a key driver of growth. The company also references operations and product launches in Europe and Asia-Pacific, including the availability of FillPak Mini in those regions.

Ranpak’s global footprint supports a diverse customer base across e-commerce, industrial supply chains, healthcare distribution, retail, and other sectors that require protective packaging and automated end-of-line solutions.

Capital structure and stock information

Ranpak’s Class A common stock is listed on the New York Stock Exchange under the ticker PACK. SEC filings confirm that the company is a registrant under Section 12(b) of the Securities Exchange Act, with its Class A common stock registered and traded on the NYSE. The company has disclosed a general share repurchase program authorized by its board of directors, and has also issued warrants in connection with commercial agreements, such as the warrant issued to Walmart.

Management and operations

Ranpak’s public filings describe an organizational structure that includes executive leadership and regional management across North America, Europe, and Asia-Pacific. The company has reported changes in senior roles, such as the appointment of a Chief Operating Officer and the departure of certain managing directors in Europe and APAC, reflecting ongoing evolution in its operational leadership.

The company’s financial statements show investments in property, plant, and equipment, intangible assets, and an installed base of PPS systems. It also reports long-term debt under a first lien term facility and access to a revolving credit facility, along with cash balances that support liquidity.

Risk and regulatory disclosures

As a public company, Ranpak files periodic and current reports with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q, and 8-K. These filings provide detailed information on its financial condition, results of operations, risk factors, capital structure, and material agreements. Earnings-related Form 8-K filings often include press releases summarizing quarterly results and discussing trends in automation, protective packaging volumes, and regional performance.

FAQs about Ranpak Holdings Corp. (PACK)

• What does Ranpak Holdings Corp. do?
  Ranpak provides environmentally sustainable, systems-based product protection and end-of-line automation solutions for e-commerce and industrial supply chains. It offers protective packaging systems, paper consumables, and automation equipment that help customers protect products during shipment and improve packaging efficiency.
• How does Ranpak generate revenue?
  Ranpak generates revenue from net product sales and machine lease revenue. Product revenue includes paper consumables and automated box sizing equipment, while machine lease revenue comes from leasing packaging systems installed at customer sites. The company also reports non-paper revenue from system accessories and automation equipment.
• What are Ranpak’s main product lines?
  Ranpak’s installed base of protective packaging systems is organized into cushioning, void-fill, and wrapping product lines. It also offers automation solutions such as Cut’it! EVO, Form’it!, Flap’it!, Pad’it!, DecisionTower, AutoFill, Print’it!, and the compact FillPak Mini converter.
• Which industries use Ranpak’s solutions?
  Ranpak states that it serves e-commerce and industrial supply chains and has highlighted relationships with retailers, healthcare distributors, and book retailers. Its solutions are used in fulfillment centers, distribution operations, and logistics environments that require protective packaging and automated end-of-line processes.
• Where is Ranpak headquartered?
  Ranpak is headquartered in Concord Township, Ohio. The company also has a global footprint with operations and customers in North America, Europe, Asia, and Asia-Pacific.
• On which exchange is Ranpak stock listed and what is its ticker?
  Ranpak’s Class A common stock is listed on the New York Stock Exchange under the ticker symbol PACK.
• How is Ranpak organized geographically?
  Ranpak reports two primary geographic segments: North America and Europe/Asia. Its financial disclosures note that a significant portion of revenue is generated in Europe and Asia, with North America also contributing meaningfully, particularly through e-commerce activity.
• What is Ranpak’s focus on sustainability?
  Ranpak’s mission is to deliver sustainable packaging solutions that improve supply chain performance and reduce environmental impact. It emphasizes paper-based packaging and automation systems that help customers transition away from plastic packaging, reduce shipped volume, and optimize material use.
• What role does automation play in Ranpak’s business?
  Automation is a growing part of Ranpak’s business, contributing a distinct category of net revenue. The company offers automated systems for box sizing, case erecting, pad insertion, void-fill, and box closing, often incorporating technologies such as machine vision and AI to optimize packaging processes.
• How long has Ranpak been in business?
  Ranpak was founded in 1972 with the goal of creating the first environmentally responsible system to protect products during shipment. Over time, it has expanded its materials, systems, and solution concepts to serve e-commerce and industrial supply chains globally.