Atlantic Ridge Capital

Atlantic Ridge and Grafine agree to buy Paragon Films for about USD 900m

Private equity firms Atlantic Ridge Capital and Grafine Partners have agreed to acquire US stretch and shrink film maker Paragon Films from Rhône for roughly USD 900m. Atlantic Ridge will lead the deal and work with existing management on growth; completion is expected in the fourth quarter of 2026.

Why this mattersA roughly USD 900m sale of a US stretch and shrink film maker from one private equity owner to another gives a reference point for valuing North American film converters.

• Deal value is roughly USD 900m.
• Seller is Rhône, which acquired Paragon Films in December 2021.
• Completion is scheduled for the fourth quarter of 2026.
• Paragon Films was founded in 1988 and is based in Broken Arrow, Oklahoma.
• Paragon acquired Mexico-based Xpack Films last year to add shrink films to its range.
• Paragon's product line includes Beyond, a thin-gauge machine film made with post-consumer recycled content.

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