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Zeus buys paper cup manufacturer for €1m

IRISH-owned firm Zeus Packaging, has acquired Ireland's only paper cup manufacturing company, Ashling Manufacturing, (AML) for about €1m.

The acquisition enables Zeus to meet unprecedented demand for takeaway coffee cups in Ireland, with recent figures showing the Irish will buy €78m worth of coffee this year.

Zeus Packaging's managing director, Brian O'Sullivan said: "As the explosion of interest in specialty coffee and convenience foods continues, Zeus will be well positioned to become the market leader in Ireland for the supply of high quality paper cups."

Zeus has grown rapidly since 2004, following a number of acquisitions, to become one of the largest manufacturers in Ireland's competitive packaging industry, with annual turnover of around €70m.

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