# 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.

- Type: Acquisition
- Announced: 2023-09-01
- Where: United States
- Value: $116.0M
- Status: announced
- Products: flexible packaging films, BOPET films
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [business.newportvermontdailyexpress.com](http://business.newportvermontdailyexpress.com/newportvermontdailyexpress/article/bizwire-2023-9-1-tredegar-agrees-to-sell-terphane-to-oben-group), 2023-09-01: "We believe that the purchase by Oben of Terphane will enhance the scale and growth opportunities in the keenly competitive global flexible packaging market."

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