Zeus’s acquisition of Limerick Packaging marks an ongoing investment strategy to expand its capabilities in the corrugated packaging sector across Ireland.
Irish-owned global packaging firm Zeus has acquired Limerick Packaging for an undisclosed sum.
Limerick Packaging is a leading supplier to the Irish industrial and transit packaging market.
“Growth in the home delivery sector is seeing demand for packaging increase by over 20pc”
Zeus intends to comprehensively invest in its industrial and transit packaging offering, strengthening its current infrastructure through the acquisition of Limerick Packaging.
Established by Brian O’Sullivan in 1998, Zeus has an annualised turnover of €325m and employs 670 people worldwide.
“The acquisition of Limerick Packaging is a major step in the next phase of our growth plan,” said Zeus CEO Keith Ockenden. “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 600,000sq ft throughout the country.”
To capitalise on the growth in the transit packaging market on the island of Ireland, Zeus will invest in staff, design, and technical capabilities along with expanding the range of products and services available.
“Growth in the home delivery sector is seeing demand for packaging increase by over 20pc. It will better enable us to provide both bespoke and off-the-shelf solutions to Irish businesses and cements our ambition of becoming the leading industrial and transit packaging supplier across Ireland and the UK,” Ockenden said.
Founded in 2002 by Connie Ryan and Mike Boland, Limerick Packaging has an annual turnover of €17.4m. The business has strategically focussed on providing corrugated packaging solutions to the health and food processing sectors.
“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,” said Connie Ryan.
“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.”