Story perspectives

Paragon Machine Works Closes, Leaving North American Gap

3/28/2026

Summary

Story summary

Paragon Machine Works, a Richmond, California-based bike parts maker, announced its closure on March 26, 2026.
CEO Calvin Norstad cited industry and economic forces beyond their control and said operations would cease immediately.
The company will continue to sell existing inventory until it runs out.
Paragon is exploring options to transition its product lines to other vendors, potentially leaving builders with a significant gap in the North American market.

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Story summary

Paragon Machine Works, a Richmond, California-based bike parts maker, announced its closure on March 26, 2026.
CEO Calvin Norstad cited industry and economic forces beyond their control and said operations would cease immediately.
The company will continue to sell existing inventory until it runs out.
Paragon is exploring options to transition its product lines to other vendors, potentially leaving builders with a significant gap in the North American market.