Ranpak Honored with Triple Win at Packaging Gateway Excellence Awards

CONCORD TOWNSHIP, Ohio--(BUSINESS WIRE)-- Ranpak Holdings Corp . ("Ranpak") (NYSE: PACK), a global leader in environmentally conscious, paper-based packaging solutions, announced today its recent wins at the 2024 Packaging Gateway Excellence Awards , one of the largest, most widely recognized programs throughout the industry . Ranpak received honors in three categories: Innovation, Product Launches and Environmental, highlighting the company's tandem commitment to advancing packaging technology and environmental stewardship.

"It's with tremendous excitement that we proudly receive three awards at this year's Packaging Gateway Excellence Awards ," said Omar Asali, Chairman and Chief Executive Officer of Ranpak. "At Ranpak, we are deeply invested in providing customers with the highest quality sustainable protective packaging and automation solutions, and these awards are concrete evidence that our strides to meet this goal have not gone unnoticed. Our work at Ranpak is a testament to the fact that the future of packaging is not incompatible with our collective desire to make greener choices."

Powered by the business intelligence of GlobalData, the Packaging Gateway Excellence Awards is an independent recognition program informed by over 1 billion datasets analyzed annually to recognize, endorse and rank top-tier companies and their achievements spanning over 200 counties.

Ranpak secured its wins due, in part, to its innovative products, including:

• The Cut'it!™ EVO Multi-Lid system won in the Innovation - Packaging Machinery category. The solution revolutionizes end-of-line packaging by reducing package void and offering customizable, branded lids for various brands on a single line. The Cut'it!™ EVO Multi-Lid system also supports enhanced packaging efficiency and quality while aligning with forthcoming regulations like the European Packaging Directive, requiring a 50% void cap in packaging by 2030.
• The naturemailer™ padded mailer system was awarded in the Product Launches - Paper Packaging category. A fully curbside recyclable mailer launched on Earth Day in recognition of the "Planet vs. Plastics" theme, the unique honeycomb paper insulation offers a greener alternative to the standard plastic mailer and promotes greater circularity in packaging.
• Ranpak's climaliner plus™ cold chain liner solution - a 100% paper-based recyclable liner replacement for EPS foam and other less sustainable cold chain options - won in the Environmental category for Sustainable Packaging.

Ranpak is also shortlisted as a finalist for the 2024 Sustainable Packaging Awards under the e- commerce category for its FillPak Trident Mini™, a paper packaging alternative to plastic airbags and cushions that can fill voids while using up to 20% less paper than comparable solutions. Winners will be announced at the Sustainable Packaging Summit in Amsterdam this November.

These recognitions reflect Ranpak's unyielding effort to develop cutting-edge packaging technology and automation solutions that allow companies and consumers alike to prioritize sustainability and circularity without sacrificing quality packaging protection.

About Ranpak

Founded in 1972, Ranpak's goal was to create the first environmentally responsible system to protect products during shipment. Ranpak's mission is to deliver sustainable packaging solutions that help improve supply chain performance and costs, reduce environmental impact, and support a variety of growing business needs globally. The development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in e-commerce and industrial supply chain solutions. Ranpak is headquartered in Concord Township, Ohio and has approximately 830 employees. Additional information about Ranpak can be found on its website: https://www.ranpak.com/ .

Source: Ranpak Holdings Corp.

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