Zeus acquires Italian paper company with annual revenues of €65m

Deal follows Zeus' acquisition of Northern Ireland business, James Hamilton Group earlier this month.

(Left to right) Giacomo Cima, Director of Cima Paper; Brian O'Sullivan, Owner and Founder of Zeus Group; and Giovanni Cima, CEO of Cima Paper which produces a range of papers for corrugated convertors, coreboard for tubes, cores, rings and edge protectors.

Irish packaging firm Zeus is to expand further having acquired Italian company Cima Paper.

Cima was founded in 1870 and is one of Europe’s leading convertors of paper and board for the packaging sector. It produces a range of papers for corrugated convertors, coreboard for tubes, cores, rings and edge protectors. The company has annual revenues of €65m.