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Packaging company Zeus acquires JJ O’Toole

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Brian O'Sullivan, Zeus owner and founder

Brian O'Sullivan, Zeus owner and founder

Brian O'Sullivan, Zeus owner and founder

Irish-owned packaging solutions company Zeus has acquired Limerick firm JJ O’Toole, the oldest packaging company in Ireland.

This marks the latest in a series of strategic acquisitions from Zeus. Last month, the Dublin-based company acquired two UK companies, packaging specialist Swanline and its sister company Boxmart in a deal worth more than €25m.

The company also acquired Canadian agricultural supply business Agri-Flex in May and Limerick Packaging last October.

Zeus has now agreed to purchase JJ O’Toole, which was founded in 1914 and employs 25 people in Limerick. JJ O’Toole’s customers include Dunnes Stores, Brown Thomas and Newbridge Silverware.

“As Ireland’s longest established packaging company, JJ O’Toole has an impressive reputation in the Irish retail and e-commerce markets,” said Zeus owner and founder Brian O’Sullivan.

“There are many synergies between both our companies, and I have no doubt our combined unique skillsets will result in a very positive and successful collaboration,” added JJ O’Toole owner and managing director Vicki O’Toole.

Zeus, which was established in 1988, said the acquisitions over the past nine months would add a further €60m of revenue, with the company forecasting annual revenues of more than €400m this year.

Customers of Zeus already include Clipper Logistics, Lidl, Harrods, Ryanair and McDonald’s. Zeus, which employs almost 900 people, has grown at a rate of 7pc to 10pc per annum for the past five years.

“Zeus remains on track to be the largest sole shareholder packaging company in the world by 2023,” added Mr O’Sullivan. The company said it is also on target to achieve €500m in revenue next year.

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