The change of name from Paragon Group to Grenadier Holdings ensures clarity between our operating businesses and our investment holding company, and coincides with the rebrand of Paragon Customer Communications to Paragon.
Paragon Group was known as Grenadier as recently as 2004. Tracing its history back as far as 1886, the business was founded originally as a secure print payment provider to some of the leading financial institutions in the UK. During the first half of the 20th century, the company evolved to become pioneers in magnetic strip coding, ticketing, and direct mail.
In 1998, under a new management team and ownership led by current Executive Chairman Patrick Crean, Grenadier embarked on a significant expansion programme. This growth led the business into secure e-commerce, web-to-print and digital platforms. The business embraced data to deliver secure and compliant solutions to an expanding set of clients across our operations which were becoming increasingly international.
Today, Grenadier Holdings has been formed through the repositioning of the former Paragon Group into a series of investment holdings. Historically, Paragon Group took direct operational responsibility for the running of our companies. As these companies have evolved and grown to their current scale, our focus has also shifted – Grenadier Holdings now holds significant shareholdings in our operating companies and our focus is now to manage and foster the strategy and growth of these investments.
Our investments align with our near 140-year heritage in delivering critical business services including customer communications, contactless smart technologies, and print & packaging related services. This alignment ensures that Grenadier Holdings adds experience and insights to our investments, helping achieve our shared goals.