MEDIUMOutside partySupplier
27%
Smurfit WestRock Company
“10-K Item 1A: 'we purchased approximately 60% and 27% of our raw paper requirements in North America and globally, respectively, from a single supplier, Smurfit WestRock Company'”
PACK · Concentration risk · 10-K extracted
Ranpak Holdings (PACK) concentration risks
Updated
The most significant concentration Ranpak Holdings discloses is Smurfit WestRock Company at 27%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Ranpak Holdings’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
China-based component suppliers for Automation systems
“10-K Item 1A: 'our suppliers, including those in China that supply a majority of the components and systems provided to our end-users, will experience operational delays'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Ranpak's concentration risk sits entirely on the supply side. The company purchased approximately 60% of its raw paper requirements in North America and 27% globally from a single supplier, Smurfit WestRock Company — a medium-share dependency by the global measure, though notably higher in the North American segment specifically. Separately, the company's suppliers, including China-based suppliers that provide a majority of the components and systems used by its Automation systems, face risk of operational delays, another medium-share dependency exposure. Both concentrations are dependency-type rather than structural, meaning they hinge on the continued reliability of specific named counterparties and geographies rather than being an inherent feature of Ranpak's business model. The raw paper relationship with Smurfit WestRock and the China-based Automation component supply chain represent two separate points of vulnerability — one in the core paper-based packaging materials business, the other in the newer Automation systems line. Together they suggest supply chain reliability, rather than customer or geographic revenue concentration, is the primary lens through which to assess Ranpak's disclosed risk.
For the engine’s reasoning on PACK’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaging & Containers
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CCK | Crown Holdings, Inc. | 2 | 1 | 2 | 5 |
| AMCR | Amcor plc | 2 | 0 | 0 | 2 |
| BALL | Ball Corporation | 1 | 3 | 0 | 4 |
| AVY | Avery Dennison Corporation | 1 | 1 | 0 | 2 |
| PACK● | Ranpak Holdings Corp | 0 | 2 | 0 | 2 |
| GEF | Greif Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.