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CONCORD TOWNSHIP, Ohio - Walmart will install multiple Ranpak AutoFill systems throughout its five Next Generation Fulfillment Centers under a new multi-year agreement announced Tuesday. The expansion builds upon Walmart’s existing use of the technology at its McCordsville, Indiana facility. Ranpak Holdings Corp. (NYSE:PACK) has seen its stock surge over 8% in the past week, according to InvestingPro data, as investors react to the company’s expanding relationship with retail giants.
The automated packaging systems will be deployed at Walmart locations in Greencastle, Pennsylvania; Joliet, Illinois; Lancaster, Texas; and Stockton, California, according to a press release from Ranpak Holdings Corp. (NYSE:PACK). With a market capitalization of $411 million and revenue growth of 10.4% in the last twelve months, Ranpak continues to expand its market presence.
The AutoFill system, paired with Ranpak’s Decision Tower, uses machine vision and artificial intelligence to determine the precise amount of paper void fill needed to protect products during shipment. The technology also handles box closing and sealing functions.
"At Walmart, we are constantly seeking solutions that increase speed of service for our customers and simplify work for our associates," said Vik Gopalakrishnan, Senior Vice President of Automation Engineering at Walmart, in the statement.
The automated packaging solution aims to streamline fulfillment processes by removing steps in the packaging workflow, potentially allowing associates to fulfill customer orders more efficiently while reducing packaging waste.
Ranpak, founded in 1972, specializes in sustainable packaging automation solutions. The company introduced the AutoFill system in 2021 as part of its paper-based packaging alternatives to plastic materials.
"Our collaboration with Walmart represents a significant milestone for Ranpak as we continue to scale our automation capabilities to meet the needs of the world’s largest retailers," said Omar Asali, Chairman and CEO of Ranpak.
The financial terms of the agreement were not disclosed in the announcement.
In other recent news, Ranpak Holdings Corp reported its Q2 2025 earnings, which did not meet analysts’ expectations. The company posted an earnings per share (EPS) loss of $0.09, which was larger than the anticipated loss of $0.06. Additionally, Ranpak’s revenue for the quarter was $92.3 million, falling short of the projected $94.3 million. Despite these financial results, the company’s stock experienced a notable surge in pre-market trading. These developments reflect the latest financial performance and market reactions concerning Ranpak Holdings.
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