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Paragon Films, a stretch film manufacturer and Rhône private equity company, held a groundbreaking ceremony on April 26th to officially launch a 70,000 square foot expansion of its North Carolina facility.
The ceremony, which took place at Paragon’s manufacturing plant in Taylorsville, included 30 attendees representing Paragon, Rhône, and Alexander County.
During the ceremony, Paragon CEO Darin Tang outlined plans for the 70,000 square foot state-of-the-art warehouse facility and indicated the expansion comes in response to the rapid growth Paragon has experienced over the past five years.
“This warehouse expansion allows us to significantly increase our plant manufacturing capacity,” said Darin. “It’s our first expansion since purchasing this land and we have plans to expand beyond this in the future. We’re excited about what we’re doing in Taylorsville as we continue to grow our business. We know it’s going to be a group effort for us to accomplish this and we appreciate the support of the county.”
The facility expansion is expected to be completed in February 2024 and will generate an estimated 14 new jobs in Alexander County.
