Paragon Toolmaking was established in the city in 1969. It designs and manufactures specialist press tools used in industries from aerospace and automotive to the construction, medical, food, pharmaceuticals and white goods sectors.
New owner Daniel Beaumont, an ACA qualified accountant private investor, bought the business from previous owner the Pexion Group.
Daniel Beaumont was the sixth generation of his family to run Lancashire-based Beaumont Textiles, taking over the reins from his father Bill Beaumont – famous for captaining England and the British Lions rugby union teams, and now chairman of World Rugby.
Daniel Beaumont ran the business for eight years and eventually led it through sale. He invested in Paragon after targeting specialist and niche UK onshore manufacturing businesses.
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