Ranpak Holdings Corp

Ranpak Holdings Corp. and its subsidiaries provide product protection and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. Its protective packaging offerings include void-fill systems under the FillPak brand, cushioning systems under the PadPak brand, wrapping systems under the WrapPak and Geami brands, and cold chain products for insulating temperature-controlled goods during transport. The company also offers end-of-line packaging automation for product distribution and shipping, including products that automate void filling and box closure after packing. Ranpak sells primarily through a distributor network and directly to end users. It was founded in 1972 and is headquartered in Concord Township, Ohio.

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Ranpak Holdings Slid on Weak Results, Meridian Contrarian Fund Trimmed Position

Ranpak Holdings Corp. shares performed poorly during the first quarter of 2026 due to soft earnings results blamed on the macro environment, according to the Meridian Contrarian Fund's investor letter. The fund, managed by ArrowMark Partners, noted that the stock's decline was exacerbated by higher EU energy prices driven by the conflict in Iran, which will impact profitability for the approximately 45% of sales that come from that region. The fund trimmed its position in Ranpak for risk management purposes but remains a shareholder due to the large potential of the automation business. Ranpak is a manufacturer of paper-based protective packaging solutions and an early leader in sustainable packaging products. The Meridian Contrarian Fund returned 1.10% during the quarter, underperforming the Russell 2500 Growth Index's 2.04% return and the Russell 2500 Value Index's 4.77% return.

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