Paragon Partners, an independent private equity firm in Europe, completed the acquisition of Castolin Eutectic, a global provider of wear protection and repair solutions for industrial equipment, from Messer Group, for $157m, We are looking forward to working with PARAGON PARTNERS and are convinced that, together, we can further capitalize on the group’s strengths and strong market positioning. Fresh capital will allow us to invest in various strategic initiatives and continue to pursue M&A opportunities,” John Kirkwood, Castolin Eutectic CEO.