# Brazil's CADE approves Tredegar's sale of Terphane to Oben Group

Brazil's competition authority CADE approved a merger control agreement allowing Tredegar to sell its Brazilian flexible packaging business Terphane to Oben Group. Closing is planned for November 1, 2024, for a base consideration of $116 million.

- Type: Acquisition
- Announced: 2018-05-25
- Where: Brazil
- Value: $116.0M
- Status: announced
- Products: polyester films, flexible packaging films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Tredegar Corporation](https://endata.com/companies/3339.md) (partner)
- [Oben Group](https://endata.com/companies/3340.md) (acquirer)
- [Terphane](https://endata.com/companies/3341.md) (target)

## Sources

- [business.sherbrookerecord.com](http://business.sherbrookerecord.com/sherbrookerecord/article/bizwire-2024-10-16-competition-authority-in-brazil-approves-the-sale-of-tredegars-terphane-business-unit-to-oben-group-transaction-expected-to-close-on-november-1), 2018-05-25: "On September 1, 2023, Tredegar entered into an agreement to sell Terphane to Oben for net cash-free and debt-free base consideration of $116 million."

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