# 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.

- Type: Acquisition
- Announced: 2024-10-16
- Where: Brazil, Brazil
- Value: $116.0M
- Status: announced
- Products: polyester films, flexible packaging films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Tredegar Corporation](https://endata.com/companies/3339.md) (partner)
- [Oben Group](https://endata.com/companies/3340.md) (acquirer)

## Sources

- [ir.tredegar.com](https://ir.tredegar.com/news-releases/news-release-details/competition-authority-brazil-approves-sale-tredegars-terphane/), 2024-10-16: "Brazil's Administrative Council for Economic Defense ("CADE") approved a merger control agreement allowing Tredegar to proceed with the sale of Terphane"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.