Rhône to acquire Paragon Films from Wellspring Capital.

Rhône, a global private equity firm, agreed to acquire Paragon Films, a manufacturer of ultra high-performance cast stretch films that are principally used to unitize product loads while in storage and transit by customers in e-commerce, fast moving consumer goods and other essential industries, from Wellspring Capital. Financial terms were not disclosed. "Rhône’s investment marks an exciting new chapter for Paragon. We were attracted to Rhône’s experience in partnering with companies to evolve and strengthen their businesses in the US and abroad. I believe Rhône will be a great partner as we continue our global expansion and broaden our portfolio of ultra high-performance, sustainability-focused products," Darin Tang, Paragon Films CEO.