Ranpak Completes Acquisition of Geami Ltd.
May 29, 2014 - Ranpak Corp., a leading global manufacturer of "in-the-box" protective paper packaging materials and systems, on May 21 completed the acquisition of Geami Ltd., headquartered in Raleigh, North Carolina.
The purchase price was not disclosed.
Geami is a manufacturer of sustainable protective paper packaging materials and solutions, including it's flagship product, GreenWrap. This expandable die-cut kraft paper with interleaf tissue is a packaging solution trusted by companies worldwide and is a paper alternative to packaging materials such as bubble, packing peanuts, foam and air pillows.
"Geami has a tremendous team of employees and products that we are excited to welcome into the Ranpak family," said Stephen Kovach, President and CEO of Ranpak. "Their wrapping products provide efficient and effective packaging solutions to companies in the housewares, home décor and industrial markets.
"Geami's products will fit extremely well within Ranpak’s portfolio of innovative paper packaging systems. We are confident that the combination of Ranpak’s expertise and worldwide distribution network along with Geami's products will further accelerate Ranpak’s growth in America, Europe and Asia.
"Geami will continue to operate as a separate entity during a transition period which we expect to complete by the end of this year," Kovach added.
Ranpak is a leader in the paper packaging industry and has grown into an international company with 400 employees worldwide. Ranpak is owned by Odyssey Investment Partners, a private equity investment firm based in New York. To learn more, please visit: www.ranpak.com.
SOURCE: Ranpak Corp.