Resource Label buys wine labelling solutions provider Paragon

17 August 2018 (Last Updated August 17th, 2018 11:46)

Resource Label Group, which is backed by private investment firm First Atlantic Capital and TPG Growth, has acquired Paragon Label, a US based company that supplies labelling solutions for the premium wine segment.

Resource Label Group, which is backed by private investment firm First Atlantic Capital and TPG Growth, has acquired Paragon Label, a US-based company that supplies labelling solutions for the premium wine segment.

With 15 manufacturing locations across the US and Canada, Resource Label provides pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry.

The firm serves a range of industries, including food, beverage, chemical, household products, personal care, nutraceutical, pharmaceutical, medical device, and technology.

“Continued leadership in the wine segment of the label industry is an important focus for Resource Label and we are confident that the acquisition of Paragon will help us meet that objective.”

Resource Label president and CEO Bob Simko said: “I am proud to welcome Jason Grossman and his employees to our team. We will continue to support the business that Jason has successfully built over the last twenty years for the benefit of current and new customers in this dynamic region of the country.”

Paragon offers flexographic and digital printing capabilities, catering to wine customers in Sonoma and Napa Counties.

Besides, the company has finishing technology that offers improved shelf appeal for its customers’ products.

First Atlantic Capital chairman and CEO Roberto Buaron said: “Continued leadership in the wine segment of the label industry is an important focus for Resource Label and we are confident that the acquisition of Paragon will help us meet that objective.”

Meanwhile, Paragon founder Jason Grossman noted that the transaction will allow the company to leverage Resource Label’s operational expertise and technical support in order to drive growth.

The transaction comes after Resource Label acquired labelling solutions provider Ingenious Packaging last month.