Ranpak Expands Total Solution for Cold Chain Packaging with Acquisition of Recycold Cool Solutions BV, Makers of Cool Packs
Summary
CONCORD TOWNSHIP, Ohio & VENLO, Netherlands--(BUSINESS WIRE)--Ranpak Holdings Corp. (“Ranpak”) (NYSE: PACK), a global leader of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, announced today the acquisition of Recycold Cool Solutions BV (“Recycold”), a manufacturer of sustainable cool packs. Recycold will immediately bolster our position as a highly effective thermal solution provider in the marketplace,” said Omar Asali, Chairman and Chief Executive Officer at Ranpak. “This acquisition reflects our focus on growth-oriented new products and our shared vision on eco-friendly solutions that express the values with which we operate Ranpak’s business worldwide.” Asali continued, “We have received great feedback from customers about Recycold Cool Packs. “Our companies share common values for a more sustainable world, and the combination of Recycold and Ranpak products will provide an unmatched unboxing experience. Ranpak’s mission is to deliver sustainable packaging solutions that help improve supply chain performance and costs, reduce environmental impact, and support a variety of growing business needs globally.