Sunday 19 May 2019

Package firm Zeus racks up €15m in deals

 

Zeus owner Brian O'Sullivan targeted 'key UK player'. Photo: Stephen McDonagh
Zeus owner Brian O'Sullivan targeted 'key UK player'. Photo: Stephen McDonagh
Independent.ie Newsdesk

Irish-owned packaging company Zeus has bought UK packaging firm VaioPak Group.

It takes the value of Zeus's last three acquisitions to a total of €15m.

VaioPak Group provides a range of packaging products to clients including Jo Malone, Starbucks, Red Bull, Tesco and Audi.

The group has an annual turnover of more than £5m (€5.8m).

In 2016, in response to demand in the US market, VaioPak established Printed Cups US, manufactured in Chicago.

Brian O'Sullivan, owner of Zeus, said: "Since I founded the company in 1998, a key part of Zeus's strategic global growth has been identifying successful companies whose innovation and ambition will match and drive our own."

"VaioPak is a key player in the UK, with high-value and high-profile clients. The VaioPak team has also built a powerful ecommerce platform with an embedded client base that Zeus can leverage," he said.

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