Packaging and labelling solutions provider Aldus Group has acquired the global entity of Paragon Inks following its purchase of Paragon Inks Australia in 2018.
Paragon Inks was founded in Scotland in 1985 with only three staff. Today, the company is based in Livingston, Scotland and has grown to 46 staff. It supplies UV inks and varnishes in both local and export markets.
With the acquisition of Paragon Inks, Aldus said more than 50 per cent of its group sales is now in Europe. Aldus has manufacturing and distribution operations in 15 sites across Europe, the US, Australia and New Zealand.
Aldus CEO Frank Floriano said, “We are pleased to welcome Paragon Inks to the Aldus group. We acquired Paragon’s Australian distributor in 2017 and have been extremely impressed with the quality of the Paragon product.
“Upon getting to know the company better, we have continued to be impressed by the quality of the products, customer relationships and the Paragon team. We feel very confident that Paragon will continue to grow and prosper as part of the Aldus Group.”
Paragon managing director Shaun Bennett said, “We are very excited to join the Aldus group. We expect that the financial support and global reach of Aldus means Paragon’s future growth can be assured in terms of new products and customers. Importantly, Paragon’s team will remain unchanged ensuring we can continue to provide the highest level of service to our customers.”
This acquisition also follows Aldus’ successful acquisition of API Foilmakers in March 2020, based in Livingston. Since this acquisition, Aldus said it has continued to invest in API and has seen strong monthly growth as API Foilmakers has re-established its leading position in Europe.