Packaging group Zeus has announced the acquisition of two UK packaging companies, Swanline Group and its sister company BoxMart.
Zeus said deal consideration is in excess of €25m.
Combined, the two companies have annual revenue in excess of €30m, according to Zeus.
Zeus CEO Keith Ockenden commented: “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.
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“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.”
Swanline Group is the UK’s leading trade-only supplier of paper-based materials, print and conversion services to the packaging and point-of-sale sectors.
Established in 2001, Swanline is headquartered in Stone, Staffordshire and employs 150 people.
The company has four purpose-built sites housing large format infrastructure, screen and digital printing and converting operations, as well as extensive warehousing and distribution capabilities.
BoxMart is a packaging supplier also based in Shenstone, Staffordshire, offering UK-made gift, retail and ecommerce packaging.
Clients include Lush, Fever Tree and Moet Hennessy. The firm also operates an online store for the purchase of stock packaging products.
Brian O’Sullivan, founder of Zeus, said: “Our journey over the years has provided opportunities to strengthen our capability, widen our offering and learn new disciplines.
“The addition of these businesses into our family will complement the range of solutions we provide our customers, strengthen design, creativity and innovation within packaging and introduce a depth of experience within new sectors.”
O’Sullivan, the Irish EY Entrepreneur of the Year, is competing in Monaco from June 8 for the title of EY World Entrepreneur of The Year 2022.
Established by O’Sullivan in 1998, Zeus employs 870 people worldwide and expects annualised revenue in 2022 of c.€400m.
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