Independently owned packaging company Zeus Group has acquired Weedon Group (Weedon), a UK-based integrated corrugated manufacturer.
Weedon manufactures e-commerce and retail-ready packaging, prefilled point of sale display, and industrial transit packaging.
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The company operates two facilities in Manchester and Staffordshire, where it employs more than 250 staff.
Weedon also provides its customers with comprehensive retail expertise POS fulfilment capabilities with bonded warehouse facilities as well as full design and testing facilities.
The company boasts revenues exceeding £30m ($37.5m).
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This strategic acquisition is expected to boost Zeus Group’s annualised revenues to €560m ($702m) and strengthen its vertical integration strategy.
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By GlobalDataFinancial terms of the transaction have not been disclosed.
Zeus Group CEO Keith Ockenden said: “The acquisition of Weedon Group is a key facet of Zeus Group’s Vertical Integration Strategy. We now have robust in-house capabilities along the entire paper supply chain, from raw material processing to manufacturing, right through to distribution and retail. Our investment strategy is also focussing on paper-based solutions over traditional plastic-based production.”
The deal underscores Zeus Group’s commitment to sustainable packaging by investing in paper-based solutions against plastic-based production.
The investment in paper-based solutions aligns with its efforts to reduce Scope 3 emissions.
“Our commitment to the Science Based Targets Initiative has put us on a path to net zero by 2050. While we continue to work on reducing our own Scope 3 emissions, our technical-based sustainability teams work with our account managers to support our customers in achieving their own sustainability goals,” Ockenden added.
In June 2023, Zeus Group acquired Cima Paper, an Italian paper and board converter for the packaging sector.
