With the acquisition of Paragon Inks, the Aldus group now claims more than 50% of its sales in Europe. Paragon supplies UV inks and varnishes in both local and export markets, with total sales of GBP10 million (AUD$18 million). The Scottish company, which was founded in 1985 with three staff, operates from Livingston and has a workforce of 46 people.
Frank Floriano, Aldus CEO, said: “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’s 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 follows Aldus’ successful acquisition of API Foilmakers in March 2020, coincidently also based in Livingston, Scotland. Since this acquisition, Aldus has continued to invest in API and has seen strong monthly growth as API Foilmakers has re-established its leading market position in Europe.
Aldus is a leading provider of packaging and labelling solutions, with manufacturing and distribution operations carried on in 15 sites across Europe, the US, Australia and New Zealand.