Zeus, the Irish-owned global packaging solutions company, has announced the acquisition of two UK packaging companies, Swanline Group and its sister company BoxMart, in an agreement worth in excess of Euro 25 million. These latest acquisitions mean Zeus is on track to be the largest sole shareholder packaging company in the world by 2023.
Combined, the two companies have a total revenue in excess of Euro 30 million. As well as strengthening Zeus’s position in the retail, food and beverage, and ecommerce packaging sectors, the addition of these two acquisitions will keep Zeus on target to achieve half a billion euro annualised revenue next year. Forecasted annualised revenues for Zeus in 2022 are expected to exceed more than Euro 400 million.
Specialist packaging company 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 Group is headquartered in Stone, Staffordshire and employs over 150 people. Swanline Group 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 an award-winning packaging supplier based in Shenstone, Staffordshire, offering UK-made gift, retail and ecommerce packaging.
