Wellspring Capital Management Sells Paragon Films

Paul, Weiss advised New York-based private equity firm Wellspring Capital Management Group LLC in the sale of its portfolio company, Paragon Films, Inc., to Secure Acquisition Inc., a subsidiary of Rhone Capital Group. Financial terms of the transaction were not disclosed.

Paragon is a leading manufacturer of high performance stretch films for transit packaging distributors serving the food and beverage, consumer products, logistics and industrials end markets, among others.

The Paul, Weiss team included, among others, corporate partners Angelo Bonvino, Michael Vogel and Thomas de la Bastide and counsel Christopher Poggi; tax partner Lindsay Parks; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; environmental counsel William O’Brien; and litigation counsel Steven Herzog.