Tredegar agrees to sell Terphane to Oben Group for $116 million

Tredegar Corporation announced on September 1, 2023, that it has agreed to sell its flexible packaging films business Terphane to affiliates of Oben Group for net debt-free base consideration of $116 million. The transaction includes manufacturing sites in Brazil and New York.

“We believe that the purchase by Oben of Terphane will enhance the scale and growth opportunities in the keenly competitive global flexible packaging market.”business.newportvermontdailyexpress.com

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• business.newportvermontdailyexpress.comUser | newportvermontdailyexpress.com - Tredegar Agrees to Sell Terphane to Oben GroupTredegar CorporationSep 1, 2023

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