Grafine Partners and Atlantic Ridge Capital will acquire Paragon Films

This investment is built on the strategic partnership between Grafine and Atlantic Ridge, combining deep industrial technical expertise, differentiated investment capabilities, and institutional capital.

New York, October 13, 2026 / PRNewswire / -- Grafine Partners (referred to as “Grafine”) and Atlantic Ridge Capital (referred to as “Atlantic Ridge”) announced today that they have collaborated to acquire Paragon Films (referred to as “Paragon” or “the Company”), with the transaction valued at approximately $900 million. Atlantic Ridge will lead this investment and work closely with the management team of Paragon to drive the company’s next phase of growth. The transaction is expected to be completed in the fourth quarter of 2026.

Paragon was established in 1988 and is headquartered in Broken Arrow, Oklahoma. The company produces advanced technical films used for securing and protecting products during storage and transportation processes. Its proprietary formulas and manufacturing processes enable customers to achieve better load-carrying capabilities with thinner film specifications. The company's "Thinner Stronger Greener ®" approach combines product performance with a 20% to 30% cost savings, while also reducing film usage by 20% to 40%, thereby helping customers minimize material consumption and waste. The company serves over 20,000 end-users across various industries including food and beverage, consumer goods, e-commerce, retail, and industrial sectors that are characterized by resilience and continuous growth.

Grafine Partners Founder and Managing Partner Elizabeth Weymouth stated: "Our underwriting assessment gives us strong confidence in Paragon's business and its long-term growth potential. The company possesses many of the characteristics that we value in investments: a differentiated competitive position, sustained demand, a strong fundamentals, and multiple value creation pathways. This opportunity reflects the advantages of our investment model, which combines the deep industry expertise of our investment partners with Grafine's own investment capabilities and institutional capital."

Atlantic Ridge Capital Founder and Managing Partner Eytan Tigay stated: “Paragon has established a differentiated business by continuously focusing on product performance, innovation, and customers. We see significant opportunities for further development on this foundation, and we are delighted to collaborate with Grafine on this investment. Since its establishment, Grafine has been our strategic partner, and their expertise in investing, capital, and long-term perspective have played a crucial role in facilitating this transaction.”

This transaction also marks an important milestone in the strategic partnership between Grafine and Atlantic Ridge. The cooperation between the two parties began when Grafine became one of the early institutional partners and investors of Atlantic Ridge's first fund.

About Grafine Partners

Grafine Partners is a principal-investor investment firm that focuses on generating excess returns in the private equity market by leveraging differentiated projects and strict underwriting standards. The company combines its investment expertise with flexible institutional capital, directly investing in businesses and collaborating with experienced industry professionals. One of the core strategies of Grafine is to support seasoned private equity investors in establishing their own companies, thereby establishing long-term strategic partnerships and expanding the channels for the firms to access high-quality investment opportunities. For more information, please visit: www.grafine.com.

About Atlantic Ridge Capital

Atlantic Ridge Capital was founded by industry veteran Eytan Tigay and is headquartered in New York. It is a private equity firm that focuses on high-quality mid-market enterprises, particularly in the industrial technology sector. The firm seeks out companies with a differentiated competitive position and long-term growth drivers. Atlantic Ridge collaborates with proven management teams, adopting systematic approaches to drive corporate development and providing operational resources, including advanced digital and artificial intelligence capabilities, to help companies achieve scale expansion, efficiency improvements, and modernization transformations. For more information, please visit: www.atlanticridgecapital.com.

About Paragon Films

Paragon Films was established in 1988 and is headquartered in Broken Arrow, Oklahoma. It is a leading company in the field of ultra-high-performance stretch film, focusing on driving sustainable development through innovation. “Sustainability Without Sacrifice ™” embodies its product design philosophy, which is to help customers achieve their sustainable development goals while considering durability and cost-effective packaging. For more information, please visit: www.paragonfilms.com.

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