Grafine Partners and Atlantic Ridge Capital Acquire Paragon Films for $900 Million

NEW YORK, Oct. 13, 2026 /CourierPR/ -- Grafine Partners and Atlantic Ridge Capital have announced their partnership to acquire Paragon Films, a leading manufacturer of advanced stretch films, in a deal valued at approximately $900 million. The transaction is expected to close in the fourth quarter of 2026.

Founded in 1988 and headquartered in Broken Arrow, Oklahoma, Paragon Films is renowned for its technologically advanced films used to secure and protect products during storage and transit. The company's proprietary formulations and manufacturing processes enable customers to achieve superior load containment with thinner-gauge films. Paragon's approach, encapsulated in the slogan "Thinner. Stronger. Greener.®," combines product performance with significant cost savings and reduced material use. This strategy helps customers achieve up to 20% to 30% cost savings while using 20% to 40% less film, thereby reducing waste and material use.

Elizabeth Weymouth, Founder and Managing Partner of Grafine Partners, expressed strong conviction in Paragon's business and long-term growth potential.

Eytan Tigay, Founder and Managing Partner of Atlantic Ridge Capital, highlighted Paragon's commitment to innovation and customer focus.

The acquisition represents an important milestone in Grafine's strategic partnership with Atlantic Ridge, which began when Grafine became an early institutional partner and investor in Atlantic Ridge's inaugural fund. Grafine Partners is a principal investment firm focused on generating private markets alpha through differentiated access and disciplined underwriting in the lower middle and middle market segments of private equity. The firm combines its own investment expertise and flexible institutional capital with a differentiated sourcing network to invest directly in businesses and partner with experienced sector-specialist investors.

Atlantic Ridge Capital, founded by industry veteran Eytan Tigay, is a New York-based private equity firm focused on high-quality middlemarket businesses, primarily within the industrial technology sector. The firm seeks companies with differentiated competitive positions and attractive long-term growth drivers. Working with proven management teams, Atlantic Ridge applies a systematic approach to business building, bringing operational resources, including advanced digital and artificial intelligence capabilities, to scale, improve, and modernize their businesses.

Paragon Films serves more than 20,000 end users in the resilient and growing food and beverage, consumer products, e-commerce, retail, and industrial endmarkets. The company's commitment to sustainability and innovation positions it well for continued growth and expansion. The acquisition is expected to bring together the deep industrial technology expertise, differentiated investment capabilities, and institutional capital of Grafine and Atlantic Ridge, setting the stage for Paragon's next phase of growth.