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PRIVACY
Enterprise

Staffordshire packaging firms acquired in €25 million deal

Stone-based Swanline Group and its sister company BoxMart are under new ownership

Pictured (L-R) are Swanline Group managing director Richard Towers, Zeus CEO Keith Ockenden and Swanline Group CEO Nick Kirby

Two Staffordshire packaging firms have been acquired by an Irish counterpart in a deal worth more than €25 million.

Global packaging solutions company Zeus has bought Swanline Group, based in Stone, and its sister company BoxMart which is based in Shenstone, near Lichfield.

The move represents a "huge opportunity" for all three parties and means Zeus is on track to be the largest sole shareholder packaging company in the world by 2023.

Zeus CEO Keith Ockenden said: "It is a significant day for Zeus as we continue our current investment strategy with the acquisition of two very strong players in the º£½ÇÊÓÆµ packaging sector.

"Swanline Group and BoxMart bring with them long-established customer bases, in-depth knowledge about their respective sectors, and dedicated diverse teams who are committed to serving their customers.

"As a combined entity, we have enhanced our reach and offering across the º£½ÇÊÓÆµ, with further opportunity to maximise efficiencies across our distribution and supply chains, whilst broadening our product and service offerings to our existing customers."

Established in 2001, Swanline Group is the º£½ÇÊÓÆµ's leading trade-only supplier of paper-based materials, print and conversion services to the packaging and point-of-sale sectors.