Packaging company Zeus acquires JJ O’Toole

Zeus, an Irish owned packaging solutions company, has acquired Limerick company JJ O’Toole, Ireland’s oldest packaging company.

This is the latest in a series of strategic acquisitions by Zeus. Last month, the Dublin-based company acquired two UK companies, packaging specialists Swanline and its sister company Boxmart, in a deal worth over €25 million.

The company also acquired Canadian agricultural utilities company Agri-Flex in May and Limerick Packaging last October.

Zeus has now agreed to buy JJ O’Toole which was founded in 1914 and now employs 25 people in Limerick. JJ O’Toole’s clients include Dunnes Stores, Brown Thomas and Newbridge Silverware.

“As Ireland’s oldest packaging company, JJ O’Toole has an impressive reputation in the Irish retail and e-commerce markets,” said Brian O’Sullivan, owner and founder of Zeus.

“There is much synergy between our two companies and I have no doubt that our combined unique capabilities will result in a very positive and successful collaboration,” added Vicki O’Toole, owner and CEO of JJ O’Toole.

Zeus, which was founded in 1988, said the acquisitions would add another €60 million in sales over the past nine months, with the company forecasting annual sales of more than €400 million this year.

Zeus customers already include Clipper Logistics, Lidl, Harrods, Ryanair and McDonalds. Zeus, which employs nearly 900 people, has grown 7 to 10 percent annually over the past five years.

“Zeus remains on track to be the world’s largest sole shareholder packaging company by 2023,” added Mr. O’Sullivan. The company said it also aims to hit €500 million in sales next year.

https://www.independent.ie/business/irish/packaging-company-zeus-acquires-jj-otoole-41806080.html Packaging company Zeus acquires JJ O’Toole

Fry Electronics Team

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