Liberty Corporate Finance is pleased to announce the completion of the tertiary management buyout of Paragon Print & Packaging Group (“Paragon”), the leading UK packaging manufacturer, by Sun European Partners LLP.
Established in 1994, the Paragon Print and Packaging Group is comprised of four divisions providing award winning printed labels, sleeves, cartons, lined board, film and artwork. The Group operates from eight UK manufacturing facilities totalling in excess of 650,000 sq ft, employs approximately 1,100 staff and has a turnover exceeding £170 million.
Liberty were appointed by Paragon and its management team to provide management advice on the transaction.
The Paragon Print and Packaging Group is the UK’s leading manufacturer of responsible packaging for the retail food industry, and has established good positions in its remaining markets. The Group services around 1,800 customers daily, including some of the UK’s leading retailers, such as Tesco, Sainsbury’s Asda and M&S. Paragon CEO, Mark Lapping, said: “We are looking forward to working with Sun European Partners to further build on our market leading position in responsible packaging, through innovation and exceptional customer service in our labels, film, board and lined board businesses.” “Liberty Corporate Finance provided us with much needed support and a calm guiding hand through the later stages of our transaction. Their expertise and wise words were very important to us as a management team.”