Zeus Acquires Austrian Food Packaging Company For €40 Million
Irish-claimed Zeus Packaging, the main free bundling maker and merchant, has today reported the procurement of Austrian-based food bundling arrangements business, Petruzalek, which was essential for Sirap-Gema Group. The present obtaining further extends and fortifies Zeus' geographic presence across 12 nations in Western, Central and Eastern Europe. In 2020, Petruzalek accomplished incomes of around €58 million, net resources of €16 million and EBITDA of €2.5 million. The obtaining, for an undisclosed total from Italian venture holding organization, Italmobiliare, finishes a three-year €40 million securing methodology for Zeus. It is the seventh business to be incorporated into the Zeus family during the previous year and a half. Set up by Brian O'Sullivan in 1998, this obtaining brings the number utilized by Zeus from 450 individuals across 14 nations to 670 individuals across 26 nations. The gathering's turnover has developed generously in the course of recent years, c...