Zeus Packaging Group Acquires KOEX Packaging Solutions to Expand Services in Europe and North America
Zeus Packaging Group has acquired KOEX Packaging Solutions, enhancing its packaging services across Europe and North America. Financial details of the acquisition are undisclosed. Zeus aims for €600m revenue by 2026, supported by over 1,500 employees. The deal will boost production and logistics capacity in Europe and extend Zeus's presence in the US. Financial backing came from AIB, ING, Rabobank, and HSBC, with advisory support from Ernest & Young and BPV.
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Zeus Packaging Group has acquired KOEX Packaging Solutions, based in Spain, to enhance its integrated packaging services in Europe and North America. The financial terms of the acquisition were not disclosed.
Zeus anticipates reaching €600m in revenue by 2026 and employs over 1,500 globally. This acquisition will bolster Zeus's production and logistics capabilities in Europe and expand its market presence in the US.
Members of the KOEX team will integrate into Zeus Packaging Group. Financial institutions AIB, ING, Rabobank, and HSBC supported the transaction, with advisory from Ernest & Young and BPV. Last month, Zeus partnered with UK-based Engelmann & Buckham to provide automation and consumable services in the UK.
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