PARAGON Print and Packaging, - which has a 40,000 square feet factory in Wisbech- has been bought by private equity group Sun European Partners.

To send a link to this page to a friend, you must be logged in.

Lincolnshire-based Paragon, which has nine other manufacturing sites around the UK and employs more than 1,200 people, was previously owned by private equity investor Equistone Partners Europe and co-investor LDC.

Paragon provides labels, sleeves, cartons, films and lined boards to Tesco, Asda, Sainsbury’s, Morrisons, Waitrose and Marks & Spencer, and food manufacturers such as Bernard Matthews, Cranswick, Greencore and Vion.

Equistone has owned Paragon for around five years, during which time the business has increased its turnover from £113million to £171million.

Equistone director Andrew Murtagh said: “We are extremely pleased to have been able to work alongside Paragon’s exceptional management team.

“Together we have ensured that, despite a challenging economic backdrop, the company has performed strongly through a measured acquisition strategy and consistent organic growth.”

Mark Lapping chief executive of Paragon Print & Packaging, said: “The company is in a good position to continue its growth under Sun European Partners’ ownership.”

0 comments

ADVERTISEMENT

ADVERTISEMENT

Homes24
Jobs24
Drive24
LocalSearch24
MyDate24
MyPhotos24
FamilyNotices24
Weddingsite

Click here to read more of our digital publications
Book my advert Fenland Enterprise Buisness Awards March Town United Wedding Show

ADVERTISEMENT

ADVERTISEMENT