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Oben Group signed an agreement with Brückner Maschinenbau to acquire a new 12-meter BOPP film production line with about 94,000 metric tons annual capacity for the Brazilian market. The signing took place on June 7, 2026.
Brazil's competition authority CADE approved Tredegar's sale of its Terphane flexible packaging film business to Oben Group. The deal, agreed in September 2023 for $116 million base consideration, is expected to close on November 1, 2024.
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.
Oben Group acquired Poligal Group, a European plastic film maker with BOPP and CPP plants in Portugal and Poland, commercial offices in Germany and a European sales network. The Skarbimierz plant has 40,000 tonnes/year BOPP capacity.
Brazil's competition authority CADE approved a merger control agreement allowing Tredegar to sell its Brazilian flexible packaging business Terphane to Oben Group. Closing is planned for November 1, 2024, for a base consideration of $116 million.
