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Grafine Partners and Atlantic Ridge Capital announced they are acquiring Oklahoma-based Paragon Films from Rhône for an estimated $900 million. Paragon manufactures plastic stretch film for pallet wrapping.
Paragon Films held a groundbreaking in April 2023 for a 70,000-square-foot expansion of its stretch film plant in Taylorsville, North Carolina.
Chicago private equity firm Wind Point Partners has acquired Paragon Films, a manufacturer of cast stretch films headquartered in Broken Arrow, Oklahoma, which operates three plants in Oklahoma, North Carolina and Washington state. Terms were not disclosed.