The deal, which was completed late last week, follows the company’s acquisition earlier this month of Northern Irish print and packaging business James Hamilton Group (JHG) – part of a growth strategy that was expected to see group revenues surpass €500m.
Established over 150 years ago in 1870, Cima Paper has a turnover of €65m (£55.6m).
Zeus Group said it would leverage Cima’s scale, expertise, and resources into existing and future supply chains, enhancing current manufacturing capability, streamlining existing Italian operations, and expanding Cima’s geographical reach across Europe.
“We are thrilled to welcome Cima Paper to the Zeus Group family,” said Keith Ockenden, CEO of Zeus Group.
“With a longstanding tradition in the industry, Cima Paper aligns perfectly with Zeus Group’s vertically integrated strategy, optimising supply chains and delivering enhanced value across our finished products, particularly within the manufacturing, food and retail packaging sectors.”
He added: “Cima Paper operates under the FSC Chain of Custody certification, ensuring responsible and sustainable sourcing. Their unwavering commitment to quality, customer service, and family values are completely consistent with the culture of Zeus.”
Cima Paper’s product range includes a comprehensive range of papers for corrugated convertors, coreboard for tubes, cores, rings, and edge protectors.
“Through this acquisition, we will harness our combined strengths and resources to deliver even greater value to our customers,” added Ockenden.
“By integrating Cima Paper into Zeus Group, we are strategically positioned to offer optimised solutions, drive innovation, and ensure continuity and reliability in the supply of raw materials for paper mills.”
Giacomo and Giovanni Cima will continue to lead the operation and said they were “delighted to become part of the Zeus family”.
Zeus also acquired Polpack in Poland in February, which followed its acquisition of Swanline Group and its sister company BoxMart, as well as Canadian agricultural supply business Agri-Flex, last year.
Earlier this year the group opened a new 6,500sqm logistics facility in Watergrasshill, Cork, as part of its national logistics and distribution strategy.
