On February 28th 2017 Ranpak has acquired E3NEO in a move to expand its capabilities and offering for high-volume packaging environments.
The fit between E3NEO and Ranpak was obvious for Ranpak’s CEO Steve Kovach: “We have carved out a market leading position with our in-the-box packaging solutions over the past decades. Customers choose Ranpak for the quality of protection, the efficiency our systems bring to the packaging operation and the sustainability of our paper based solutions. Warehouse automation is increasingly important to achieve efficiency and productivity in packaging operations. 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 todays and tomorrows needs in high volume fulfilment operations and will be an important part of our growth strategy.”
Jean-Yves Sia and Uwe Klärner, founder and co-founder of E3NEO, stated: “We are very excited about the acquisition by Ranpak. We are solving a universal problem for customers and Ranpak’s strength as a global company positions us well to grow quicker and keep up with increasing demand for automation in fulfilment centers.”
E3NEO will operate as a separate entity within the Ranpak organization. Due to the differences in sales process and expertise required, the sales organizations will not be integrated. But as both organizations focus on packaging applications and their solutions can be complementary there are clear touch points between the two: “Although E3NEO projects are unique and customer specific, there are logical points of interaction with the existing Ranpak organization in the areas of lead generation, business development and our existing distribution partners. We will stimulate these as they will help us accelerate growth” Kovach explains.
Founded in 1972, Ranpak’s goal was to create the first environmentally responsible packaging material to effectively cushion and protect products during shipment. The constant development and improvement of materials, systems and total solution concepts have earned Ranpak a reputation as an innovative leader in the packaging industry.