Zeus, the Irish-owned global packaging supply chain solutions company has announced the acquisition of Polpack, a leader in packaging materials distribution and packaging machinery solutions in Poland. This is the first step in Zeus’ 2023 acquisition strategy, further consolidating its operations across Europe.
During the past 12 months Zeus – headed by its founder, Fermoy man Brian O’Sullivan – has added a further €75 million of revenue through acquisition. This latest purchase represents the start of a program of further growth plans in 2023 aimed to navigate business to revenues of more than €500 million.
Established in January 1993, privately-owned Polpack has grown revenues to more than €8.5 million per annum. Headquartered in Warsaw, Polpack has 7 sales offices throughout Poland supported by warehousing, logistics and manufacturing facilities. With over 40 staff, the business offers bespoke solutions to a diverse customer base.
‘NATURAL FIT’
Commenting on the announcement last Thursday, Zeus CEO Keith Ockenden said: “We set up Zeus Poland in 2010 with revenues now exceeding €5 million and a full range of packaging solutions for food production, retail, manufacturing, e-commerce and 3PL organisations.
“The acquisition of Polpack is a natural fit for our Poland operation, offering synergies to combine scale, leverage operational efficiencies and expand our product and service offering to our collective client base.
“Our European reach has strategically expanded during the past two years with Zeus now operating across 16 countries throughout Europe. Polpack’s capabilities in the provision of packaging and machinery solutions compliments our strategy to diversify our offering across Europe within the industrial and transit packaging sector enabling us to offer clients options to consolidate supply chains and leverage greater value.
Zeus founder Brian O’Sullivan added: “Our journey over the years has provided opportunities to strengthen our capability, widen our offering and learn new disciplines. The addition of the Polpack businesses into our family will complement the range of solutions we provide our customers, enhance our technical capability within Poland and strengthen resources throughout Europe.”
Customers of Zeus range across sectors and include Kaufland, Lidl, Aldi, ABP, Harrods, Musgrave, Ryanair and McDonalds. Established by Brian O’Sullivan in 1998, Zeus now employs over 900 people worldwide. In 2021, Mr O’Sullivan was announced as the winner of EY Entrepreneur of the Year.
