Ranpak Corp, which is owned by Odyssey Investment Partners, has closed its buy of Geami. No financial terms were disclosed. Headquartered in Raleigh, NC, Geami is a maker of paper packaging materials and solutions.
Concord Township, Ohio (PRWEB) May 16, 2014
Ranpak Corp., a leading global manufacturer of “in-the-box” protective paper packaging materials and systems, announced that it has completed the acquisition of Geami Ltd., headquartered in Raleigh, NC. 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.”
“With this acquisition, Geami and Ranpak’s client base will be better served as they now have a broader range of paper based packaging solutions for their needs,” said Braulio Libero, President and CEO of Geami. “With Ranpak’s infrastructure, our products will have greater exposure to new markets both in the US and abroad,” said Marcelo Passos, Vice President of Geami and now a member of Ranpak’s senior management team.
Founded in 1972, Ranpak’s goal was to create the first environmentally responsible packaging material to effectively cushion and protect products during shipment. With a 40 year history of innovation, Ranpak is the 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 specializing in the middle-market.
The Company’s patented PadPak, FillPak and WrapPak converters utilize multi-ply roll or single-ply fanfold kraft paper to create on-demand packaging material. The Company serves a wide array of industries, including industrial, automotive, medical, consumer products and technology in North America, Europe and Asia. Ranpak is headquartered in Concord Township, Ohio and has facilities in Reno, Nevada; Kansas City, MO; Heerlen, The Netherlands; and Nyrany, Czech Republic.