Zeus Group extends its growth in Europe

Irish-based packaging provider Zeus Group has acquired two more companies: Cima Paper Spa in Italy and NIPS Ordnungssysteme GmbH in Germany. The value of the deals were not revealed.

With annual sales of €65 million, Cima Paper was established in 1870 and has since grown into one of Europe’s leading convertors of paper and board for the packaging sector.

Zeus said that the acquisition will leverage Cima Paper’s scale, expertise and resources into existing and future supply chains, enhancing its current manufacturing capability, streamlining existing Italian operations and expanding Cima’s geographical reach across Europe.

“We are thrilled to welcome Cima Paper to the Zeus Group family,” said Keith Ockenden, chief executive of Zeus Group. “With a long-standing tradition in the industry, Cima Paper aligns perfectly with Zeus Group’s vertically-integrated strategy, optimising supply chains and delivering enhanced value across our finished products, particularly within the manufacturing, food and retail packaging sectors.”

Based in Regensburg, Germany, near Munich, NIPS Ordnungssysteme (NIPS) has more than four decades of industry experience serving more than 11 countries in Europe. NIPS delivers high-quality packaging to various sectors, including retail, manufacturing, and logistics. Commenting on the NIPS deal, Ockenden said: “We are excited to welcome NIPS to the Zeus Group family. This strategic acquisition allows us to expand our capabilities in the German packaging industry. The addition of the NIPS business complements our existing industrial and food packaging offering and pushes revenues from our mainland Europe businesses close to €200m.”

NIPS will continue to operate autonomously within Zeus Group, preserving its brand identity, existing customer relationships, and partnerships. The integration of NIPS into Zeus Group’s extensive network is expected to foster collaboration and knowledge sharing, driving synergies and accelerating growth opportunities.

“NIPS is thrilled to become a part of Zeus Group,” said Matthias Röder, founder and managing director of NIPS. “The acquisition will provide us with access to enhanced resources, global reach, and an extensive customer base. Together, we will strengthen our position in the market and continue to deliver exceptional packaging solutions that meet and exceed our customers’ expectations.”

Earlier, Zeus acquired Northern Ireland business, James Hamilton Group, which has annual sales of around €18m.