Indianapolis packaging business Rapak moves to Ringmetall

Rapak’s Indianapolis operation has a new corporate owner. Transaction adviser Woodward Park Partners said on November 2 that Ringmetall acquired the business from TriMas.

Rapak makes flexible packaging for liquids and the machinery that fills it. The business operates in Indianapolis and has its headquarters in Woodridge, Illinois. For local packaging customers, the transaction changes the company behind those products; neither announcement describes an Indianapolis expansion or workforce changes. Ringmetall’s October 29 agreement announcement said the purchase price would remain undisclosed. The adviser’s later release confirms the sale and says TriMas had owned Rapak since 2020.

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SOURCE STATUS: One-source report; independent confirmation pending.