Paragon Partners completed the acquisition of a majority stake in TP Food Group from Xenon.

Paragon Partners, a private equity company, completed the acquisition of a majority stake in TP Food Group, an equipment and production lines company serving the food processing industry, from Xenon, a private equity company. Financial terms were not disclosed. "Partnering with Paragon provides the strategic backing needed to achieve our long-term growth ambitions. With their support, we will continue to expand internationally and enlarge our offering to enable our customers to produce the best possible food products," Fabrizio Korosec, TP Food Group CEO.