Zeus, the Irish-owned packaging services company, has acquired Irish hygiene supplies company Essential Supplies as it ramps up its strategic expansion plans and forecasts a 13 per cent jump in revenues this year.
Essential Supplies was founded in Naas in 1992 and has an annual turnover of €7 million. It will continue to trade under its own name, and the deal was supported by Ulster Bank.
Brian O’Sullivan, managing director of Zeus said: “This latest acquisition marks the next step in Zeus’ Irish and European strategic expansion path. Essential Supplies has built a highly successful business model, with invaluable relationships with key distributors nationwide. Our acquisition means that this Irish-owned business will expand their product offering to their network, leading to increased growth.”
Founder and owner of Essential Supplies, John Moran said: "Over the last 27 years, we have built a successful business with a strong reputation nationwide. Essential Supplies' commitment to providing quality products and service will not change and the entire team is excited to work with Zeus and build on our growth to date."
The acquisition comes as Zeus opens its new €15 million 250,000 sq ft Dublin premises.
“The new facility will drive and support our flagship e-commerce site, which allows individuals to order from our full range of products,” Mr O’Sullivan said.
Zeus expects its turnover to hit €170 million this year, up by 13 per cent on last year, as it expands its European capabilities through further acquisitions. The company has a number of offices worldwide, employing about 325 people.
