Irish-owned global packaging solutions company Zeus has today announced a deal to buy JJ O'Toole, the country's oldest packaging company, for an undisclosed sum.
Founded in 1914, JJ O'Toole employs 25 people and its customers include Dunnes Stores, Brown Thomas and Newbridge Silverware.
This is the latest in a recent series of strategic acquisitions by Zeus in 2022 as the company expands its reach and capabilities in the retail, ecommerce, industrial and food and beverage sectors.
So far in 2022, Zeus has acquired UK companies Swanline Group and BoxMart and Canadian agricultural supply business Agri-Flex.
During the past nine months, Zeus has added a further €60m of revenue through acquisition.
Its customers range across sectors and include Clipper Logistics, Lidl, Harrods, Moet & Chandon, Ryanair and McDonalds.
Zeus was established by Brian O'Sullivan in 1998 and it now employs over 870 people worldwide.
Zeus founder and owner Brian O'Sullivan said that as Ireland's longest established packaging company, JJ O’Toole has an impressive reputation in the Irish retail and ecommerce markets.
"As two strong Irish companies joining together, we are now in a stronger position than ever, allowing us to continue to deliver innovative and sustainable solutions for our combined customer base. Zeus also remains on track to be the largest sole shareholder packaging company in the world by 2023," Mr O'Sullivan said.
JJ O'Toole owner and managing director Vicki O'Toole said the company has an incredible history of survival and success with a kaleidoscope of wonderful stories.
"The company has been the centre of packaging excellence in Ireland for over a century with an outstanding reputation, endorsed by an exceptional loyal clientele, many who have remained with the company for over 40 years," Ms O'Toole said.
"It has been a very emotional decision to sell JJ O'Toole but I believe the time is right and I am very confident the company will continue its successful journey under the robust and global Zeus umbrella," she said.
"There are many synergies between both our companies, and I have no doubt our combined unique skillsets will result in a very positive and successful collaboration," she added.