Lincolnshire-based Paragon, founded by Tony Lennon in 1994, makes labels for ready-to-eat supermarket food such as salads, pasta and sandwiches.
The company’s profits grew 39% a year from £1.2m in 1998 to £3.1m in 2001. In December 2001 Barclays Private Equity invested £7.5m in the company to fund growth.
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