Switch Rooms Lowrie Constructions Paragon Private Equity New Investment
Announcement posted by Lowrie Constructions (WA) Pty Ltd 17 Sep 2010
Paragon targets the mature and fit
It thinks the middle-aged may want a training edge, so Paragon Private Equity has snared a stake in health products wholesaler Optigen Ingredients.
Optigen is in the so-called nutriceuticals industry, which aims to supply nutritional supplements to active people.
The executive chairman of Paragon, Greg Boulton, says there is a widening market for these products.
He reckons the trend is towards older people buying such products, not just the very young and fit.
Optigen has a range of manufacturing agreements in various countries. It also supplies products to the US, Europe, India and South Korea.
The deal continues Paragons spread of its investments.
One of its portfolio companies is Levett Engineering. The specialist alloy contractor has work on the Joint Strike Fighter program.
It has also invested in switch and control room supplier Lowrie Constructions and transformer core manufacturer AEM Cores.
Paragon has also been a strong backer of Cowell Electric.
The regional South Australian company is a major player in mine and remote powerline and power infrastructure.