Ireland-based packaging company Zeus has expanded its presence in the UK by acquiring two packaging companies for more than €25m ($26.7m).
The acquired businesses are specialist packaging firm Swanline Group and its sister company BoxMart, which have a combined revenue of more than €30m.
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Based in Stone, Staffordshire, Swanline is a trade-only provider of paper-based materials, print and conversion services for the packaging and point-of-sale sectors in the UK.
The company operates four purpose-built sites that house large-format infrastructure, screen and digital printing and converting facilities, as well as warehousing and distribution capabilities.
It employs more than 150 people.
BoxMart is based in Shenstone, Staffordshire, and supplies UK-made gift, retail and e-commerce packaging to Lush, Fever Tree and Moet Hennessy among other brands.
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By GlobalDataThe business operates an online store for buying stock packaging products.
The acquisition of these companies is intended to strengthen Zeus’s position in the retail, food and beverage, and e-commerce packaging sectors.
It is also expected to support Zeus in its efforts to achieve €500m in annualised revenue next year.
In addition, the company claimed that it is on course to become one of the world’s largest sole shareholder packaging companies next year.
Zeus CEO Keith Ockenden said: “It is a significant day for Zeus as we continue our current investment strategy with the acquisition of two very strong players in the UK packaging sector.
“Swanline Group and BoxMart bring with them long-established customer bases, in-depth knowledge about their respective sectors, and dedicated diverse teams who are committed to serving their customers.
“As a combined entity, we have enhanced our reach and offering across the UK, with further opportunity to maximise efficiencies across our distribution and supply chains, whilst broadening our product and service offerings to our existing customers.”
In October last year, Zeus acquired Irish company Limerick Packaging in an effort to expand its corrugated packaging capabilities.
