# Paragon acquires majority stake in TP Food Group

Paragon has acquired a majority stake in TP Food Group, an Italian manufacturer of food processing equipment including ovens, mixers, freezers, and spiral conveyors, from Xenon Private Equity and other shareholders.

- Type: Acquisition
- Announced: 2024-10-23
- Where: S. Giorgio di Bosco, Italy
- Status: completed
- Products: ovens, mixers, freezers, spiral conveyor systems
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Xenon Private Equity](https://endata.com/companies/4233.md) (partner)
- [Paragon Partners](https://endata.com/companies/18838.md) (acquirer)
- [TP Food Group](https://endata.com/companies/80600.md) (target)

## Sources

- [paragon.de](https://www.paragon.de/en/paragon-closes-acquisition-of-tp-food-group-from-xenon-private-equity/), 2024-10-23: "Paragon has acquired a majority stake in TP Food Group from Xenon Private Equity and other minority shareholders, including the founding families."

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