GLOBAL packaging group Zeus has completed the acquisition of the Weedon Group, one of the UK’s largest independent integrated corrugated manufacturers.
Weedon Group has revenues in excess of £30 million per annum and over 250 staff across locations in Manchester and Staffordshire. The move takes Zeus’s expected annualised revenues to €560 million.
Keith Ockenden, Zeus Group CEO, said, “The acquisition of Weedon Group is a key facet of Zeus Group’s vertical integration strategy. We now have robust in-house capabilities along the entire paper supply chain, from raw material processing to manufacturing, right through to distribution and retail. Our investment strategy is also focussing on paper-based solutions over traditional plastic-based production.”
Zeus Group said its recent strategic focus on investments in paper-based packaging solutions aligns with its commitment to reduce Scope 3 emissions.
John Weedon, MD of Weedon Group, added, “When taking the decision to sell the business, it was important we aligned with a business looking to invest and grow in the paper and corrugated sector. Zeus has demonstrated a commitment to the provision of complete sustainable packaging solutions for businesses along with added value services and continuous improvement principles that look to assist supply chain efficiency. The entire range of Zeus’s capabilities will complement our existing customer base, and as a combined business, we will offer a strong ‘independent’ alternative for those looking for packaging innovation, supply consolidation and supply chain efficiency.”
