LOS ANGELES–(BUSINESS WIRE)–Paradigm Equity Partners (“Paradigm”), a Los Angeles-based private equity firm specializing in corporate divestitures and operationally focused situations, announced today the successful acquisition of STI Fabrics (“STI” or the “Company”), a leading American manufacturer of upholstery and performance fabrics. Founded in 1964 and headquartered in Kings Mountain, NC, STI designs, weaves and finishes fabrics for furniture manufacturers, retailers and interior designer