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PRanpak Holdings Corp.

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Ranpak Holdings Corp.

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Company history

The company (the Ranpak name standing for Random Packaging) traces its origins to a machine patented by George R. Johnson in 1970 that converted kraft paper into shock absorbing crinkled paper for use in cushioning auto-parts to prevent such items being damaged in shipment.

Johnson, working with entrepreneur and engineer, Raymond Q. Armington, an inventor with several packing- and storage related patents to his name, incorporated the company in 1972. Armington became its chairman, a position he held until his death in 1993. In early 2002, David M. Gabrielsen was appointed president and CEO of Ranpak replacing Steven E. Armington, son of the co-founder.

In December 1991 Ranpak opened its first foreign manufacturing center in Heerlen, Holland. The plant produced packing material and packing machines for the European market.

Ranpak's acquisitions include:

Eco-Pak Industries, a Kent, Washington–based company specializing in biodegradable and recyclable packing material founded by entrepreneur and actor, John Ratzenberger, best known as Cliff Claven of Cheers. Ratzenberger held partial ownership for a period after the sale.

Geami, a packaging company in Raleigh, North Carolina, specializing in recyclable, paper-based materials.

e3neo, a French-based company specializing in automated packing and packaging machinery and inventory and logistics management software.

Creapaper GmbH, a German supplier of grasspaper and grasspaper products, acquired in October, 2021.

Recycold Cool Solutions BV, a Dutch-based manufacturer of sustainable cool packs made from plant-based materials, purchased in 2021.

Source: Wikipedia
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$4.22Close · Sep 22, 2026