Irish global packaging solutions provider Zeus Group, announced on Monday the acquisition of Cima Paper S.p.A. With annual revenues of €65 million, Cima Paper S.p.A. was established over 150 years ago in 1870.
Cima Paper has since solidified its position as one of Europe’s leading convertors of paper and board for the packaging sector. This latest addition to Zeus Group will leverage Cima Paper’s scale, expertise, and resources into existing and future supply chains, enhancing current manufacturing capability, streamlining existing Italian operations and expanding Cima’s geographical reach across Europe.
This follows on from the acquisition earlier this month of Northern Ireland business, James Hamilton Group by Zeus. Celebrating 25 years in operation, the Zeus Group, which was founded by local man Brian O’Sullivan, has 51 locations worldwide and operates a 70,000sq ft logistics facility in Watergrasshill.
DRIVING INNOVATION
Keith Ockenden, CEO of Zeus Group, said they were “thrilled to welcome the Cima Paper to the Zeus Group family”.
Giacomo and Giovanni Cima will continue to lead the operation and are “delighted to become part of the Zeus family”.
