Zeus Group has confirmed it has completed the acquisition of Cima Paper S.p.A. With annual revenues of €65m, Cima Paper was established over 150 years ago in 1870.
This latest addition to Zeus Group will leverage Cima Paper’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 the Cima Paper to the Zeus Group family,” said Keith Ockenden, CEO, Zeus Group. “With a long-standing 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.”
Cima Paper’s extensive product range, which includes a comprehensive range of papers for corrugated convertors, coreboard for tubes, cores, rings, and edge protectors which perfectly complements Zeus Group’s existing offerings.
“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.
