Zeus Group, a global packaging solutions provider based in Ireland, announced today that it has acquired the well-established paper conversion firm, Cima Paper S.p.A. for an undisclosed price.

Cima Paper, boasting annual revenues of €65 million, was founded over 150 years ago in 1870 and has grown to become one of Europe’s most trusted convertors of paper and board for the packaging sector.

The integration of Cima Paper into Zeus Group’s operations aims to harness the Italian firm’s vast scale, expertise, and resources across existing and future supply chains. This move is expected to enhance Zeus Group’s current manufacturing capacity, streamline its operations in Italy, and expand Cima Paper’s  geographical reach across Europe.

Keith Ockenden — Zeus Group CEO said: “We are thrilled to welcome the Cima Paper to the Zeus Group family.

“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 & Retail packaging sectors.”

Cima Paper S.p.A.’s broad product range includes an extensive array of papers for corrugated convertors, coreboard for tubes, cores, rings, and edge protectors. These offerings align seamlessly with Zeus Group’s existing product portfolio.

Giacomo and Giovanni Cima, the leaders of the operation, will retain their positions and expressed their delight about joining the Zeus family. This acquisition comes on the heels of Zeus’ earlier purchase of the Northern Ireland-based James Hamilton Group, which has an annual turnover of around €18 million.

  Cima Paper, Italy, Keith Ockenden, Packaging Industry News, Zeus Group