Kingswood Acquires Coveris Paper Unit, Rebrands as Paragon

Kingswood Capital Management LP entered a definitive agreement to acquire Coveris' Paper Business Unit from Coveris Holding Corporation.​

The acquired unit will rebrand as Paragon Print and Packaging and operate independently under Kingswood.​

Existing management, led by CEO Jo Ormrod, will continue leading the company.​

Kingswood will provide capital, operational expertise, and industry relationships to drive growth and value creation.​

Paragon specializes in sustainable, recyclable folding cartons and paperboard packaging for food, consumer, and healthcare sectors.​

Jo Ormrod, CEO of Paragon, said: "We are thrilled to embark on this new journey with Kingswood."​

She added: "Returning to our historic name, Paragon, is a source of pride... I am immensely proud of our team and eagerly anticipate collaborating with Kingswood as we evolve into an independent entity while continuing to provide high-quality, sustainable solutions."​

Kingswood partners with middle-market companies at inflection points, leveraging capital and resources to enhance value.​