Tredegar's Terphane sale to Oben Group cleared by Brazil's CADE, closing set for Nov 1

Brazil's competition authority CADE approved Tredegar's sale of its Terphane flexible packaging film business to Oben Group. The deal, agreed in September 2023 for $116 million base consideration, is expected to close on November 1, 2024.

“Brazil's Administrative Council for Economic Defense ("CADE") approved a merger control agreement allowing Tredegar to proceed with the sale of Terphane”ir.tredegar.com

• 1 source
• ir.tredegar.comCompetition Authority in Brazil Approves the Sale of Tredegar’s Terphane Business Unit to Oben Group; Transaction Expected to Close on November 1 | Tredegar CorporationOct 16, 2024

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