CONCORD TOWNSHIP, Ohio and Venlo, Netherlands – December 8, 2021 – Ranpak Holdings Corp. (“Ranpak”) (NYSE: PACK), a global leader of environmentally sustainable, paper-based packaging solutions for e-commerce and industrial supply chains, announced today the acquisition of Recycold Cool Solutions BV (“Recycold”), a manufacturer of sustainable cool packs. Unlike typical cool packs, Recycold Cool Packs are made from a drain safe, plant-based gel and their addition expands the diversity of Ranpak’s Cold Chain packaging solutions.