Key Takeaways
- • Rhône has agreed to sell Paragon Films, a Broken Arrow, Oklahoma-based maker of stretch and shrink films, in a deal valued at $900 million.
- • The buyers are Atlantic Ridge and Grafine, according to the headline of the transaction report.
- • Paragon Films manufactures stretch and shrink films used to secure and protect products during storage and transit.
Summary
Rhône has agreed to sell Paragon Films to Atlantic Ridge and Grafine in a transaction valued at $900 million, according to the report. Paragon Films is based in Broken Arrow, Oklahoma, and produces stretch and shrink films used to secure and protect products during storage and transit.
The primary source available for this story is limited to the headline and a brief company description, so the report does not provide further detail on the deal structure, the split between the two buyers, expected closing timeline, or financial performance of Paragon Films. Readers seeking those details should consult the full transaction disclosure or further coverage once available.
The primary source available for this story is limited to the headline and a brief company description, so the report does not provide further detail on the deal structure, the split between the two buyers, expected closing timeline, or financial performance of Paragon Films. Readers seeking those details should consult the full transaction disclosure or further coverage once available.
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