Zeus Packaging acquires Austria's Petruzalek food packaging business

Irish packaging group Zeus Packaging acquired Austrian food packaging solutions business Petruzalek from Italmobiliare, completing a three-year acquisition strategy. The price was undisclosed; Petruzalek reportedly had 2020 revenues of about €58 million.

“Zeus Packaging, a leading independent packaging manufacturer and distributor, has acquired Austrian-based food packaging solutions business, Petruzalek, which was part of Sirap-Gema Group.”renatus.ie

• 2 sources
• renatus.ieRenatus’ Weekly M&A Newsletter – 14/02/2021 - Renatus Capital Partners - Private Equity Firm - Dublin, Ireland.Feb 14, 2021
• packagingnews.co.ukMergers & acquisitions :: Packaging News | Page 13 of 59Mar 5, 2021

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