Ranpak plans to acquire French packaging automation company e3neo. Recognizing the unique selling process and expertise required, e3neo will operate as a separate business unit within the Ranpak organization.
Ranpak CEO Stephen Kovach commented: "With the acquisition of e3neo we are expanding our options for customers who want to take packaging automation to the next level. The proven technology and expertise of e3neo are crucial for us to cater to the needs of high volume fulfillment operations and will be important to our growth strategy."
Founded in 1972, Ranpak's goal was to create the first environmentally responsible packaging material to effectively protect products during shipment.