# Grupo Oben to acquire Terphane from Tredegar for $116M

Grupo Oben agreed to buy Terphane, a BOPET film producer, from Tredegar Corporation for $116 million. The deal includes Terphane's operations in Brazil and the US and is subject to regulatory approvals in Brazil and Colombia.

- Type: Acquisition
- Announced: 2023-09-18
- Where: Pernambuco, Brazil, Brazil
- Value: $116.0M
- Status: announced
- Products: BOPET films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Tredegar Corporation](https://endata.com/companies/3339.md) (partner)
- [Terphane](https://endata.com/companies/3341.md) (target)
- [Grupo Oben](https://endata.com/companies/72667.md) (acquirer)

## Sources

- [plasticosemrevista.com.br](https://plasticosemrevista.com.br/grupo-oben-encaminha-compra-da-terphane/), 2023-09-18: "A corporação norte-americana Tredegar abriu setembro anunciando concordar em vender ao Grupo Oben, pelo montante de US$ 116 milhões livre da dívida da transação, um de seus dois negócios em flexíveis plásticos: a operação de filmes de PET biorientado (BOPET) concentrada na brasileira 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.