CONCORD TOWNSHIP, Ohio--(BUSINESS WIRE)--Aug 3, 2023--

Ranpak Holdings Corp. (“Ranpak”) (NYSE: PACK), a global leader of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, announced the global launch of the RecyCold ® climaliner TM solution, a highly efficient sustainable thermal liner designed to support Cold Chain shipping needs across a variety of end markets.

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Ranpak offers a total Cold Chain solution for shipping temperature-sensitive products. (Photo: Business Wire)

A breakthrough technology in the sustainable shipping space for one-way transport, RecyCold ® climaliner TM is a paper-based thermal liner that ensures products stay within their ideal temperature range for up to 48 hours while simultaneously ensuring recyclability and sustainability. Climaliner TM ’s thermal liner paper is thinner and far more flexible than existing technologies with equal thermal performance, resulting in a solution that enables multiple configurations and box size flexibility while maintaining cold temperatures, dramatically reducing food waste and improving cost and sustainability. In addition, the liner offers an aesthetically attractive, paper-based solution providing positive branding attributes for customers.

The RecyCold ® climaliner TM thermal liner is part of Ranpak’s continued innovation to solve for customer needs, and can work alone or as a key component in a comprehensive Cold Chain solution along with RecyCold ® cool packs, a technology acquired by Ranpak currently available in Europe and North America. The climaliner TM technology can support three distinct temperature ranges, spanning ambient products kept near room temperature, chilled products typically stored in a refrigerator, or frozen products below 0°C/32°F, representing critical shipping requirements across the fast-growing mealkit, ready-to-use meals, online grocery, and specialty foods segments. With an estimated 30% of all food wasted annually around the world, RecyCold ® climaliner TM solution can help tackle the problem of food waste by providing effective cold chain packaging without contributing to plastic pollution.

“The global launch of RecyCold ® climaliner TM represents our latest innovation in the sustainable shipping space, highlighting the efforts Ranpak has made to deliver cost savings, efficiency gains, and an aesthetically attractive total Cold Chain solution,” said Omar Asali, Chairman & Chief Executive Officer of Ranpak. “The increase in shipping of temperature-controlled items increases the need for scalable and sustainable technologies. We are pleased to include climaliner TM among our growing portfolio of sustainable solutions to help our customers improve their supply chain performance, lower their labor costs, reduce food waste and meet their sustainability goals.”

For additional information about RecyCold ® climaliner TM, please visit https://www.ranpak.com/products/recycold-climaliner/. For information about other innovative, paper-based packaging solutions from Ranpak, please visit www.ranpak.com.

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 820 employees. Additional information about Ranpak can be found on its website: https://www.ranpak.com.

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CONTACT: Investor Inquiries:

Bill Drew

ir@ranpak.comUS Media Inquiries:

Cory Ziskind

ICR 646-277-1232

Cory.Ziskind@icrinc.comEMEA Media Inquiries:

Monika Dürr

duomedia

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KEYWORD: OHIO UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT SUSTAINABILITY RECYCLING ELECTRONIC COMMERCE TECHNOLOGY ENVIRONMENT OTHER MANUFACTURING RETAIL GREEN TECHNOLOGY PACKAGING OTHER TECHNOLOGY MANUFACTURING

SOURCE: Ranpak Holdings Corp

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PUB: 08/03/2023 07:35 AM/DISC: 08/03/2023 07:31 AM

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