Paragon Foods

Confluence Advisors, LLC (“Confluence”) served as the exclusive financial advisor to Paragon Foods (“Paragon”) with respect to its sale to Sysco Corporation (“Sysco”), a global leader in food distribution. Paragon will operate as part of FreshPoint, Sysco’s specialty produce company. 

Paragon is a premier distributor of fresh and specialty foods to the restaurant and foodservice industry in Western Pennsylvania, Ohio, and West Virginia. The company operates out of a state-of-the-art 88,000 square foot distribution facility near Pittsburgh, Pennsylvania. Paragon also provides premium quality dairy, fresh meats, seafood and epicurean products to restaurants, hospitals, universities and K-12 schools, clubs, and corporate customers. 

“We are excited to welcome all the employees of Paragon Foods to the FreshPoint family,” said Robert Gordon, FreshPoint’s President and Chief Executive Officer. “Paragon will continue to operate business as usual, and customers will continue to experience the same great service they have come to expect.” 

All Paragon Foods associates, including the current leadership team, will remain in place. 

Elaine Bellin, Chief Executive Officer and second-generation owner of Paragon shared, “From the beginning, the team worked hard for me and my company with the utmost integrity and professionalism. I know that all along Confluence had my back - that is a good feeling.”