Ranpak Makes Strategic Investment in Creapaper, Innovative German Leader in Environmentally-Sustainable Grasspaper

Ranpak Holdings Corp. (“Ranpak”), a global leader of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, announced its recent investment in Creapaper GmbH (“Creapaper”), the inventor of grasspaper and provider of grasspaper products. Creapaper announced concurrently that the company successfully completed financing round B with new investors including Ranpak, JS Capital, Schusterman Family Investments and Soros Capital.

Creapaper uses a patented process to produce graspap, a raw material required for producing grasspaper, which helps reduce CO2 emissions and water consumption across the global paper and packaging industry.

Creapaper has been rapidly expanding its reach across Europe through its development and placement of CO2-saving grasspaper products such as hygienic papers, food & carrying bags and single-use plastic replacements with retail clients in Germany, Switzerland, Austria, the Netherlands and Italy.

“Ranpak’s strategic investment in Creapaper reflects our continued commitment to sustainability and the use of natural substrates to reduce plastic waste and carbon emissions,” said Omar Asali, chairman and chief executive officer, Ranpak. “Creapaper’s innovative grasspaper products are primed for expansion across global markets and complements Ranpak’s core paper products and sustainable packaging solutions. Working with Creapaper will advance our mission to replace plastic packaging with sustainable alternatives by expanding Ranpak’s eco-friendly solution set and paper SKUs for our growing customer base.”

“I am proud and honored to welcome global ecological game changers like Ranpak and JS Capital among our shareholders. Nine years ago, I started grasspaper with the vision to slow down the plastic avalanche rolling over our planet and to save trees from becoming toilet paper.  Now my vision is becoming a reality and I am convinced that grasspaper will have a measurable impact soon,” said Uwe D’Agnone, founder and CEO, Creapaper.

For more information, visit https://www.ranpak.com.

Share on Socials!

Related Articles

Related Articles

Get Ready for PACK EXPO International, With More Features Than Ever

The packaging and processing industries are set to come together to share innovations, connect with colleagues, hear from experts, see machinery-in-action and the latest packaging materials ...
Read More

The Massman Companies’ New Web Site Goes Live

The Massman Companies has announced that its new website, describing the capabilities of the multiple companies that make up The Massman Companies, is now live. The ...
Read More

Sig Makes ASI-Certified Aluminum Standard for Customers in North America

SIG achieves another milestone in its ambition to go Way Beyond Good as a responsible company by offering ASI-certified aluminum as standard for all carton packs ...
Read More