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What Happened to Ranpak Holdings?
Ticker: PACKSPAC Year: 2018Merger: 2019
Return
-65.0%
Current Price
$3.5
Peak Price
$42.97
Trust Size
$1.1B
Summary
Ranpak is a global leader in sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, offering alternatives to plastic packaging materials.
What Happened
Ranpak went public in June 2019 through a merger with One Madison Corporation. The company provides paper-based packaging systems that protect products during shipping while being recyclable and biodegradable. Ranpak has benefited from e-commerce growth and sustainability trends but has faced headwinds from slower industrial activity in Europe, where it generates significant revenue.
Timeline
2018-01-05
S-1 Registration Filed
2019-05-03
Merger Proxy Filed (DEFM14A)