Ratzenberger To Retain Ownership Interest In Firm

KENT

"Cheers" star, John Ratzenberger, will retain ownership interest in his biodegradable-packaging-material company, after it is acquired by a larger packaging company based in Ohio.

Ranpak Corp. will give Ratzenberger's Eco-Pack Industries Inc. access to worldwide markets.

Eco-Pak will continue to make its paper-packaging material here, but its equipment and six employees will eventually move over to Ranpak's Kent facility. Eco-Pak products will also be made at Ranpak's plants in Ohio and Holland and in a plant Ranpak wants to build in Eastern Europe.

Ranpak employs 150 people and has revenues of about $30 million.