Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Ranpak Holdings Corp. (“Ranpak” or “the Company”) (NYSE: PACK) recently completed a follow-on offering of 5,750,000 Class A common shares, including the exercise in full of the underwriters' overallotment option, at a price of $21.00 per share, generating gross proceeds of approximately $110.3 million to the Company and $10.5 million to a selling shareholder of Ranpak.
Founded in 1972, Ranpak is a leading provider of environmentally sustainable, systems-based, product protection solutions for e-commerce and industrial supply chains. Ranpak assembles its protective packaging systems and provides the systems and paper consumables to customers, which include direct end-users and its network of exclusive paper packaging solution distributors, who in turn place the systems with and sell paper to commercial and industrial users for the conversion of paper into packaging materials. Ranpak is headquartered in Concord Township, Ohio and has approximately 650 employees.
For additional information about this transaction, please contact: