Irish-owned global packaging solutions company Zeus has agreed a deal to buy the Weedon Group, one of the UK's largest independent integrated corrugated manufacturers, for an undisclosed sum.
Weedon Group has revenues of more than £30m a year and over 250 staff across two UK locations in Manchester and Staffordshire.
Zeus said the acquisition will take its expected annualised revenues to €560m and also highlights its increased focus on sustainable packaging, investing in paper-based solutions over plastic-based production.
Keith Ockenden, Zeus Group CEO, said today's deal means the company now has 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 CEO said.
"Weedon and its team have a rich legacy of excellence and innovation in the packaging industry. We are delighted to finalise the purchase and look forward to welcoming our new colleagues to the Zeus family," he added.
John Weedon, Managing Director of Weedon Group, said the entire range of Zeus's capabilities will complement its existing customer base.
"As a combined business, we will offer a strong 'independent' alternative for those looking for packaging innovation, supply consolidation and supply chain efficiency," he added.
