Paragon Print and Packaging Completes Investment Deal with Sun Capital Partners
Paragon Print and Packaging have today announced the completion of a private investment deal which will see a change of financial sponsor from Equistone and their co-investor LDC to Sun European Partners, the European adviser to Sun Capital Partners. The value of the transaction has not been disclosed.
As the leading manufacturer of responsible packaging for the retail food industry, Paragon’s success has been driven by an unrivalled customer commitment and industry leading service to over 1,800 customers, including all major retailers and food manufacturers. With the day to day running of the business remaining largely unchanged, the support of Sun European Partners offers Paragon the financial platform to enhance their model of excellence service through further capital investment and overseas expansion.
With significant experience in the packaging industry, Sun European Partners provide the ideal financial partner to support Paragon’s continued growth.
Mark Lapping, Paragon’s newly appointed Group CEO commented “We at Paragon are looking forward to working with the team at Sun European Partners to further build on our market leading position. We have exciting plans to develop the business in our existing and new product sectors as well as through further acquisitions. With Sun Capital Partner’s strength in packaging, our exceptional employees and our customer focus, we have the winning formula required to ensure Paragon continues to grow and succeed.”
Paragon Founder, Tony Lennon will remain as an investor and advisor to the Group’s existing Management Team.
Sun European Partners, who also own the flexible packaging manufacturer, The Britton Group, are said to be delighted with the new deal. Philippe Neuschaefer, Vice President at Sun European Partners said “Paragon is an excellent business with an impressive management team holding market leading positions in a number of key industry segments, notably food labelling. Through our extensive packaging, retail expertise and know-how, we are looking forward to helping Paragon expand its leading position in the labelling market and establish itself even further in the areas of film and lined board to create a diversified industry champion”.
Notes to Editors
Established in 1994, the Paragon Print and Packaging Group is comprised of 4 divisions providing award winning printed labels, sleeves, cartons, lined board, film and artwork services.
The Group now operates across ten UK manufacturing sites totalling in excess of 650,000 sq ft, and employs approximately 1,200 staff with a turnover exceeding £170 million.
Customer commitment and an innovation led strategy continue to deliver a model of excellence service approach to more than 1,800 customers.
About Sun European Partners, LLP
Sun European Partners, LLP is the European adviser to Sun Capital Partners, Inc., a leading U.S.–based private investment firm focused on leveraged buyouts, equity, debt, and other investments in market–leading companies that can benefit from its in–house operating professionals and experience. Affiliates of Sun Capital Partners, Inc. have invested in over 305280 companies worldwide with combined sales in excess of €35$40 billion since the inception of Sun Capital Partners, Inc. in the U.S. in 1995. Sun Capital Partners, Inc. has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunEuropeanPartners.com.