Zeus Continues Its Growth with Acquisition of Essential Supplies

Brian-OSullivan-CEO-Zeus

Zeus, the Irish-owned global packaging solutions company, has announced the strategic acquisition of Essential Supplies, a leading Irish hygiene supplies company. It plans to continue growth and expansion through further acquisitions:


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About Zeus

Zeus is a leading global packaging solutions company, with a strong focus on sustainability and innovation. They provide a diverse range of products and supply solutions into a wide variety of markets. Zeus has offices worldwide, including Ireland, UK, Germany, Spain, Poland, New Zealand, Canada, China and Australia. In 2018, Zeus announced a €27 million investment in new premises in Dublin and the UK.

In operation for 20 years, Zeus employs 185 in Ireland, and 325 in total across 13 countries worldwide. In 2018, the group’s turnover was €150 million, an increase of €15 million since 2017. Zeus has grown at a rate of 7 to 10 % per annum for the last 5 years. In December 2018, Zeus announced its acquisition of Aldar Tissues, the Irish sustainable tissue manufacturer and distributor, which will double employment and create 20 new roles at Aldar.

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Planned growth through acquisition 

In 2019, Zeus forecasts turnover of €170 million, building on last year’s turnover of €150 million, and plans to expand its European capabilities through further acquisitions.

Managing Director of Zeus, Brian O’Sullivan explains, “This latest acquisition marks the next step in Zeus’ Irish and European strategic expansion path. Essential Supplies has built a highly successful business model, with invaluable relationships with key distributors nationwide. Our acquisition means that this Irish-owned business will expand their product offering to their network, leading to increased growth."

The latest acquisition, Naas-based Essential Supplies has an annual turnover of €7 million and is predicting company growth of 20% and a 50% increase in staff over the next two years from the acquisition, which was supported by Ulster Bank.

Zeus also recently opened its state-of-the-art €15 million Dublin premises. The new 250,000 sq ft Dublin facility is an integral part of the company’s flagship e-commerce site, which allows individuals to order from a full range of products.

 

 

 

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