Ranpak Holdings Corp (PACK) Financial

Ranpak Holdings Corp. engages in the provision of product protection and end-of-line automation solutions for e-commerce and industrial supply chains. The company is headquartered in Concord Township, Ohio and currently employs 800 full-time employees. The company went IPO on 2018-02-26. The firm's paper-based Protective Packaging Solutions (PPS) business utilizes a razor/razor-blade model where its proprietary PPS systems are provided to its distributors and certain select end-users for a nominal user fee, charged on a per-unit basis. Its paper packaging materials are fiber-based, biodegradable, renewable, and curb-side recyclable for customers. Its Automated Paper Solutions and Automated Solutions product lines provide end-of-line automation systems that solve distinct challenges facing end-users of its products: Automated Dunnage Insertion, Automated Box-Sizing and Machine Vision Solutions. Its Void-Fill protective systems convert paper to fill empty spaces in secondary packages and protect objects, reducing object movement during shipping and potential damage sustained in transit.