Zeus, the Irish-owned global packaging solutions company, has confirmed the acquisition of Limerick Packaging. The acquisition marks an ongoing investment strategy by Zeus to expand its capabilities in the corrugated packaging sector across Ireland.
Zeus intends to comprehensively invest in its industrial and transit packaging offering, strengthening its current infrastructure through the acquisition of Limerick Packaging. To capitalise on the growth in this market in Ireland, Zeus will invest in staff, design, and technical capabilities along with expanding the range of products and services available.
Keith Ockenden, CEO, Zeus, said, “The acquisition of Limerick Packaging is a major step in the next phase of our growth plan. Integrating both Limerick Packaging’s and Zeus’s industrial and transit packaging reach in Ireland, coupled with our foothold in the UK market, will deliver economies of scale, operational efficiencies, and customer service improvements. It will also allow us to provide a more comprehensive range of products and services for our combined customers. Zeus has sourcing capabilities across Europe and this move will realise greater supply chain security to our business within Ireland. The additional operations in Limerick will bring our total storage and distribution capacity to over 600,000 sq ft throughout the country.”
The addition of Limerick Packaging’s 45 staff will bring Zeus’s personnel in Ireland to 221. Earlier this year, Zeus completed a €40m, two-year programme of strategic acquisitions with the purchase of Austrian company Petruzalek expanding the group’s distribution and logistics capabilities in food and industrial packaging across 26 countries world-wide.
Connie Ryan, Managing Director, Limerick Packaging, said, “Zeus is a company that we have admired since we first started our business almost 20 years ago and we are excited with the opportunity to become part of the Zeus family. Our team are specialists in their field and are looking forward to sharing their insights and experience with the Zeus team. We are all incredibly excited for the new opportunities and capabilities that being part of this global company will offer, ultimately to the benefit of our valued customers.”