Companies

Dublin-based packaging company continues acquisition spree with purchase of Cima Paper

Zeus Group acquires Cima Paper, which has annual revenues of €65 million

Left to right: Giacomo Cima, Director of Cima Paper; Brian O' Sullivan, Owner & Founder of Zeus Group; and Giovanni Cima, CEO of Cima Paper

Irish packaging company Zeus has acquired Cima Paper, a convertor of paper and board for the packaging sector, for an undisclosed amount.

Cima Paper, which was established over 150 years ago, has annual revenues of €65 million.

“This latest addition to Zeus Group will leverage Cima Paper's scale, expertise, and resources into existing and future supply chains, enhancing current manufacturing capability, streamlining existing Italian operations and expanding Cima’s geographical reach across Europe,” Zeus said in ...