Tredegar agrees to sell Terphane flexible packaging films business to Oben Group for $116M

Tredegar agreed to sell its Terphane flexible packaging films business, with about 500 employees and sites in Brazil and New York, to affiliates of Oben Group for net debt-free base consideration of $116 million. Closing is subject to competition clearance in Brazil and Colombia and is expected in 8 to 14 months.

“Tredegar Corporation (NYSE:TG) announced today that it has agreed to sell its flexible packaging films ("Terphane") business to affiliates of Oben Group for net debt-free base consideration of $116 million.”businesswire.com

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• businesswire.comTredegar Agrees to Sell Terphane to Oben GroupSep 1, 2023

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