Zeus Packaging Group expands with KOEX Packaging purchase

Zeus Packaging Group has acquired Spain-based KOEX Packaging Solutions, according to an announcement connected societal networking level LinkedIn.

Financial presumption of the woody stay undisclosed.

The combined entity volition connection integrated packaging services with a wider geographic scope for customers successful Europe and North America.

This improvement comes arsenic Zeus projects its radical gross to scope €600m ($710.4m) by 2026, supported by a workforce exceeding 1,500 employees worldwide.

Premium and retail packaging specializer KOEX has operations successful Miami and Paris, with manufacturing successful Fuzhou, China, and provides services to clients crossed the US and Europe.

Its lawsuit basal includes brands specified arsenic Burger King, McDonald’s, Nike, Reebok, Steve Madden and TAG Heuer.

Zeus said that the woody volition summation accumulation and logistics capableness wrong Europe and widen its beingness into the US.

The statement brings unneurotic resources successful design, sourcing, accumulation and logistics.

Members of the KOEX squad volition articulation Zeus Packaging Group.

On LinkedIn, KOEX said: “Together with Zeus Packaging, we volition fortify our premium and retail packaging capabilities, grow our planetary scope and proceed delivering afloat integrated solutions from conception to last delivery.”

Financial institutions progressive successful supporting the transaction see AIB, ING, Rabobank and HSBC. Advisory enactment was provided by Ernest & Young and BPV.

Last month, Zeus Group and UK-based machinery specializer Engelmann & Buckham (E&B) partnered to proviso integrated automation and consumables services to businesses crossed the UK.

The confederation integrates Zeus Group’s packaging consumables and its UK marketplace beingness with E&B’s expertise successful automation, materials handling, and packaging machinery.

"Zeus Packaging Group expands with KOEX Packaging purchase" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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