Atlantic Ridge Capital Acquired Paragon Films
The firm purchased the Broken Arrow-based stretch film manufacturer for $900 million.
Updated on Oct. 13, 2026 in Business Strategy
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Atlantic Ridge Capital has entered an agreement to acquire Paragon Films, a manufacturer of stretch film headquartered in Broken Arrow, for $900 million. This deal marks the debut investment for the firm and was formed in partnership with the management team and Grafine Partners.
Why it matters
The acquisition positions Atlantic Ridge Capital as a player in the industrial packaging sector by securing a company that serves over 20,000 end users. Paragon Films is known for technology that enables customers to reduce their film usage by 20% to 40%.
The purchase is valued at $900 million, securing a company that supports a customer base of more than 20,000 end users. Founded in 1988, the firm produces material that allows clients to lower their film consumption by 20% to 40%.
The players
Atlantic Ridge Capital
An investment firm that is making its debut market entry with the acquisition of Paragon Films.
Paragon Films
A manufacturer of high-performance stretch film based in Broken Arrow, Oklahoma.
Grafine Partners
An investment firm that is collaborating on the acquisition of the stretch film manufacturer.
The details
The transaction includes debt financing provided by UBS Investment Bank, BMO Capital Markets Corp., and Santander Corporate & Investment Banking. Completion of the deal is subject to customary closing conditions before it moves forward.
Timeline
Paragon Films was founded in 1988.
Atlantic Ridge Capital announced the acquisition on October 13, 2026.
The transaction is expected to close in the fourth quarter of 2026.
Market Landscape
This deal mirrors the broader trend of private equity firms entering the industrial packaging sector to acquire established manufacturing leaders. It positions Atlantic Ridge Capital to compete by capitalizing on existing supply chains built over decades of company growth.
The acquisition agreement does not currently change product pricing or availability for the 20,000 end users served by the firm. Customers should expect business operations to remain consistent as the company fulfills existing manufacturing obligations through the acquisition process.
The takeaway
This acquisition highlights the high value placed on manufacturing efficiency technology in the industrial supply chain. Businesses utilizing such high-performance films may see continued pressure to optimize usage as these technologies move into larger investment portfolios.
What happens next
The transaction is expected to close in the fourth quarter of 2026, pending the satisfaction of customary closing conditions.
Further reading
For more on industry shifts, visit the Business Strategy section.
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