# 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.

- Type: Acquisition
- Announced: 2023-09-01
- Where: Cabo de Santo Agostinho, Brazil, Brazil
- Value: $116.0M
- Status: announced
- Products: BOPET flexible packaging films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.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

- [businesswire.com](https://www.businesswire.com/news/home/20230901540975/en/Tredegar-Agrees-to-Sell-Terphane-to-Oben-Group), 2023-09-01: "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."

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