UK-based Zeus Packaging Group has acquired Russell Will, an Irish supplier to the hospitality, catering, fast food, leisure and healthcare industries.
Zeus Packaging Group CEO Brian O’Sullivan said the latest acquisition enhances the group’s offering and expertise into new sectors (hospitality and health) and will lead its revenues growing from €85m in 2012 to €100m in 2013.
"I believe very firmly in the Irish market. Zeus has had a 20pc organic growth over the past four years. This acquisition shows our commitment and faith in business in Ireland," Sullivan said.
The company will expand its operations further in the EU with the opening of its new sales office by January 2013 in Dusseldorf, Germany, according to businessandleadership.com.
The company has over 6,000 products sourced from all around the world with European distribution centres in the UK, Spain and Poland along with manufacturing in Hangzhou, China and Turkey.