Announced
Financials
Sources
Tags
Brazil
flexible packaging films
Containers and Packaging
Acquisition
Cross Border
Majority
Private
Pending
Friendly
Single Bidder
Synopsis
Oben Group, a modern industrial company, agreed to acquire Terphane, the flexible packaging films business of Tredegar, an industrial manufacturer, for $116m. "We believe that the purchase by Oben of Terphane will enhance the scale and growth opportunities in the keenly competitive global flexible packaging market," John Steitz, Tredegar President and CEO.
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