Tuesday, September 18 12:22:30
Brian O'Sullivan, CEO of Zeus Packaging Group announced today that they have acquired Russell Will, a leading Irish supplier to the hospitality, catering, fast food, leisure and healthcare industries for an undisclosed sum.
Russell Will is a well-established Irish company which has been in operation for nearly 50 years. The company will continue to trade under the Russell Will name retaining its product brand names, Mr O'Sullivan said.
However, from September Russell Will transfers its operations to the Zeus Packaging Group Headquarters in Greenogue Business Park, Rathcoole.
This brings the number of acquisitions by the Zeus Group to 9 since it started operations in 1998 selling just one group of products, AFP stretch wrap from Holland.
Zeus now has over 6000 products sourced from around the world with European distribution centres in Madrid, Spain and Poznan Poland along with manufacturing in Hangzhou, China and Istanbul Turkey.
"The acquisition will enhance the Zeus Packaging Groups offering and expertise into a new sector of solutions in the hospitality and health sectors and will see its company revenues grow from Euro 85 million in 2012 to Euro 100 million in 2013," it said.
The Zeus Packaging Group is owned and managed by Cork entrepreneur, Brian O'Sullivan, currently has operations in Ireland, UK, Spain, Poland and China.
By January 2013, they will have expanded their operations further in the EU with the opening of its new sales office in Dusseldorf, Germany.
"We are delighted with our latest venture and look forward to passing on the benefits of this new partnership to both Zeus Group and Russell Will customers. I believe very firmly in the Irish market. Zeus has had a 20pc organic growth over the last 4 years and has provided competitive prices with excellent service to the many customers it has acquired. This acquisition shows our commitment and faith in business in Ireland," added Brian O'Sullivan.