# 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.

- Type: Acquisition
- Announced: 2021-02-11
- Where: Austria, Austria
- Status: completed
- Products: food packaging solutions
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Italmobiliare](https://endata.com/companies/7220.md) (partner)
- [Zeus Packaging](https://endata.com/companies/7602.md) (acquirer)
- [Petruzalek](https://endata.com/companies/7603.md) (target)

## Sources

- [renatus.ie](https://renatus.ie/renatus-weekly-ma-newsletter-14-02-2021/), 2021-02-14: "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."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/page/13), 2021-03-05: "Zeus Packaging has announced the acquisition of Austrian-based food packaging firm Petruzalek."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.