Zeus Packaging Group has acquired Spain-based KOEX Packaging Solutions, according to an announcement on social networking platform LinkedIn.
Financial terms of the deal remain undisclosed.
The combined entity will offer integrated packaging services with a wider geographic reach for customers in Europe and North America.
This development comes as Zeus projects its group revenue to reach €600m ($710.4m) by 2026, supported by a workforce exceeding 1,500 employees worldwide.
Premium and retail packaging specialist KOEX has operations in Miami and Paris, with manufacturing in Fuzhou, China, and provides services to clients across the US and Europe.
Its client base includes brands such as Burger King, McDonald’s, Nike, Reebok, Steve Madden and TAG Heuer.
Zeus said that the deal will increase production and logistics capacity within Europe and extend its presence into the US.
The agreement brings together resources in design, sourcing, production and logistics.
Members of the KOEX team will join Zeus Packaging Group.
On LinkedIn, KOEX said: “Together with Zeus Packaging, we will strengthen our premium and retail packaging capabilities, expand our international reach and continue delivering fully integrated solutions from concept to final delivery.”
Financial institutions involved in supporting the transaction include AIB, ING, Rabobank and HSBC. Advisory support was provided by Ernest & Young and BPV.
Last month, Zeus Group and UK-based machinery specialist Engelmann & Buckham (E&B) partnered to supply integrated automation and consumables services to businesses across the UK.
The alliance integrates Zeus Group’s packaging consumables and its UK market presence with E&B’s expertise in automation, materials handling, and packaging machinery.
“Zeus Packaging Group expands with KOEX Packaging purchase” was originally created and published by Packaging Gateway, a GlobalData owned brand.
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