M&AIndustrialsSIGNED
Rhône sells Paragon Films to Atlantic Ridge and Grafine for $900 Million
Value
$900M
Acquirer
Atlantic Ridge and Grafine
Target
Paragon Films
Rhône has agreed to sell Paragon Films, a manufacturer of stretch and shrink films, to Atlantic Ridge and Grafine. Paragon Films is based in Broken Arrow, Oklahoma, and its products are used for securing and protecting goods during storage and transit.
✦ Meridian Analysis
Rhône is disposing of Paragon Films to Atlantic Ridge and Grafine for $900 million, representing a signed sale of a packaging‑film manufacturer based in Oklahoma. Rhône functions as the private‑equity seller, while Atlantic Ridge and Grafine are the acquirers; the sector is industrial packaging. The announcement lacks information on the financing structure, advisory firms, closing conditions, and regulatory clearances.
The Meridian Weekly
The week's largest deals and the Iberian ones, every Monday. Free.