Irish independent packaging manufacturer and distributor Zeus Packaging has strengthened its portfolio with the acquisition of food packaging solutions provider Petruzalek.

Based in Austria, Petruzalek was part of Sirap-Gema Group. Italian investment holding company Italmobiliare acquired the business.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Financial details of the transaction remain undisclosed.

With this acquisition, Zeus completes a three-year €40m acquisition strategy and expands its geographic presence across 12 countries in Western, Central and Eastern Europe.

Zeus CEO Keith Ockenden said: ‘This latest acquisition is the largest in our strategic expansion, and along with recent investments in our leadership operational infrastructure, is an integral part of Zeus’s long-term growth strategy.

“The purchase of Petruzalek significantly extends our reach into new markets, brings complementary diversification to our product range and further enhances our client network.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Petruzalek’s product range utilises low environmental impact renewable, recyclable and compostable materials enabling us to further deepen our focus on sustainability in 2021. As always, we are committed to delivering innovative sustainable packaging solutions for our valued clients in Ireland, the UK and across Europe.”

This is the seventh acquisition for Zeus during the past 18 months. It will increase the company’s employees from 450 people across 14 countries to 670 people across 26 countries.

Zeus founder Brian O’Sullivan said: “In 2020, despite the pandemic, Zeus reached a milestone with revenues exceeding €200m. The acquisition of Petruzalek not only further builds on our scale, but strengthens our operating platform across Europe.”