Grafine and Atlantic Ridge to buy Paragon Films in ~$900M deal

Grafine Partners and Atlantic Ridge Capital agreed to acquire Paragon Films, an Oklahoma maker of thin-gauge stretch films used to secure products in transit, in a transaction valued at about $900 million. Atlantic Ridge will lead the investment, with closing expected in the fourth quarter of 2026.

Why it matters: PE keeps targeting packaging businesses tied to e-commerce and food logistics, where durable demand supports leverage.