Paragon closes acquisition of TP Food Group from Xenon Private Equity

Paragon has acquired a majority stake in TP Food Group („TPFG“), a provider of food processing equipment and production lines based in S. Giorgio di Bosco (Italy). TPFG’s product portfolio includes ovens, mixers, freezers, and spiral conveyors, primarily for the baking industry.

Paragon has acquired a majority stake in TP Food Group from Xenon Private Equity and other minority shareholders, including the founding families. Headquartered in S. Giorgio di Bosco (Italy), TPFG is a leading manufacturer of equipment and production lines for food processing, especially industrial and artisanal baking. TPFG specializes in providing advanced equipment such as ovens, mixers, freezers and spiral conveyor systems for a broad range of applications in baking and other food segments. The company’s solutions are used by major food producers globally, supporting efficient, high-quality production.

In collaboration with TPFG’s existing management team, Paragon plans to further accelerate the company’s growth strategy. This partnership will enable TPFG to explore new applications and markets, further expand its global reach and expand its product and service portfolio. Paragon also plans to support strategic acquisitions to further strengthen the company’s ability to provide integrated, holistic solutions.

Max Moser von Filseck, Partner at Paragon, comments: “TPFG aligns well with Paragon’s strategy. We look for resilient, organically growing businesses in attractive niches, with improvement potential to create value in the long term for all stakeholders. TPFG with its strong reputation in baking, especially for its patented spiral systems, and significant potential for growth globally, both with products and aftersales services/ parts, represents an attractive opportunity. We look forward to supporting the management in this next phase of growth.“

Fabrizio Korosec, CEO of TPFG, says: „Partnering with Paragon provides the strategic backing needed to achieve our long-term growth ambitions. With their support, we will continue to expand internationally and enlarge our offering to enable our customers to produce the best possible food products. I am confident this partnership will bring great benefits.”

About Paragon
Founded in 2004, Paragon is one of the leading private equity firms in the DACH region. Paragon works closely with its portfolio companies to achieve sustainable growth and operational excellence. Paragon’s portfolio covers various industries and currently consists of 13 companies. Paragon is headquartered in Munich (Germany), and has more than EUR 2.4 billion of equity under management. For more information about the firm, please visit www.paragon.de/en.

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