US-based sustainable packaging provider Ranpak has bought Dutch sustainable cool pack manufacturer Recycold Cool Solutions for an undisclosed amount.
Recycold specialises in developing advanced packaging products for the food, fresh ingredients and pharmaceutical sectors.
The company’s Cool Packs are made from drain-safe, plant-based gel and will add to Ranpak’s portfolio of cold chain packaging offerings.
Following the acquisition, both companies’ customers will be able to order their entire solution from a single source.
Ranpak chairman and CEO Omar Asali said: “We are thrilled to add Recycold and its Recycold Cool Packs products to our portfolio of sustainable Cold Chain packaging solutions at Ranpak.
“Recycold will immediately bolster our position as a highly effective thermal solution provider in the marketplace.
“This acquisition reflects our focus on growth-oriented new products and our shared vision on eco-friendly solutions that express the values with which we operate Ranpak’s business worldwide.
“We have received great feedback from customers about Recycold Cool Packs. Ranpak will be scaling up Recycold’s business.
“Recycold products are already sold in 14 European countries and we look forward to leading further worldwide expansions in the future.”
Ranpak will integrate Recycold’s manufacturing operations into Ranpak’s new facility in the Netherlands, which is scheduled to open by the end of next year.
Ranpak and Recycold have worked in partnership with each other for the past several years.
The acquisition will allow the companies to work more closely on product developments in the future, with the aim of offering customers a ‘superior’ unboxing experience.
Based in Concord Township, Ohio, Ranpak provides sustainable, paper-based packaging solutions for e-commerce and industrial supply chains.
Earlier this year, the company launched the PadPak Auto-Coiler, a paper-based heavy cushioning solution, in North America.
The PadPak Auto-Coiler creates a paper-based cushioning solution designed to serve as an alternative to foam and plastic cushioning.