Polpack is a supplier of packaging materials distribution and packaging machinery solutions and has seven sales offices and facilities for manufacturing, logistics, and warehousing in Poland
Irish-owned packaging supply chain solutions provider Zeus has acquired Poland-based packaging materials distribution and packaging machinery solutions provider Polpack.
Polpack, a privately held company founded in January 1993, now generates more than €8.5m in annual revenue.
With its main office in Warsaw, Polpack has seven sales offices and facilities for manufacturing, logistics, and warehousing in Poland.
The company, which employs more than 40 people, provides customised solutions to a wide range of clients.
The acquisition represents the first step in Zeus’ 2023 acquisition strategy to consolidate its operations in Europe.
Zeus CEO Keith Ockenden said: “We set up Zeus Poland in 2010 with revenues now exceeding €5m and a full range of packaging solutions for food production, retail, manufacturing, e-commerce and 3PL organisations.
“The acquisition of Polpack is a natural fit for our Poland operation, offering synergies to combine scale, leverage operational efficiencies and expand our product and service offering to our collective client base.”
Ockenden added: “Our European reach has strategically expanded during the past two years with Zeus now operating across 16 countries.
“Polpack’s capabilities in the provision of packaging and machinery solutions complement our strategy to diversify our offering across Europe within the industrial and transit packaging sector enabling us to offer clients options to consolidate supply chains and leverage greater value.”
Established in 1998, Zeus has acquired an additional €75m in revenue through acquisitions during the last 12 months.
The recent acquisition marks the beginning of a programme of additional growth ambitions in 2023 intended to lead the company to revenues of more than €500m.
Polpack owner Wojciech Zdzieborski said: “Today is a new step in the Polpack journey. We are excited to work with Zeus, combining their global reach and infrastructure with our experience, technical skills, knowledge and understanding of customer need in packaging machinery, development and manufacturing.
“This partnership will improve productivity, enhance efficiencies and deliver greater value to our customers.”