Ranpak acquires Recycold Cool Solutions
Ranpak Holdings Corp. (NYSE: PACK), a global leader of environmentally sustainable, paper-based packaging solutions, has acquired the Netherlands-based sustainable cool packs manufacturer Recycold Cool Solutions.
Unlike typical cool packs, Recycold Cool Packs are made from a drain safe, plant-based gel and their addition expands the diversity of Ranpak’s Cold Chain packaging solutions.
“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.” - said Omar Asali, Chairman and Chief Executive Officer at Ranpak. “Ranpak will be scaling up Recycold’s business. Recycold products are already sold in 14 European countries, and we look forward to leading further worldwide expansions in the future. Ranpak will also be integrating Recycold’s innovative manufacturing operations into the new Ranpak Netherlands facility, expected to open by the end of 2022.”
An integrated cold chain solution
Ranpak has been active in the Cold Chain field for several years with its WrapPak® Protector thermal liner. The paper pads trap air and prevent heat conduction, creating an exceptional insulator for Cold Chain applications. Cooling is needed to keep products cold up to 48 hours, and Ranpak recommends the use of Recycold Cool Packs as the most sustainable option in the market to meet this requirement. Ranpak and Recycold customers will now be able to order the entire solution from a single source.
Packers can now place Ranpak’s WrapPak paper pads in the box before adding the Recycold cool packs to enhance the existing packing operation. Ranpak Cold Chain thermal liners with Recycold Cool Packs will provide a better unboxing experience, as well as help minimise or eliminate the use of plastic packaging. Furthermore, with the use of these sustainable products, is possible to avoid costly return shipment and handling of conventional cooling systems.
