secwatch / observer
8-K filed September 5, 2023, 7:59 PM ET ticker TG CIK 0000850429
M&A confidence high sentiment neutral materiality 0.75

Tredegar sells Terphane flexible packaging business to Oben Group for $116M

TREDEGAR CORP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

TREDEGAR CORP entered into Purchase Agreement with Packfilm US, LLC, Film Trading Importacao e Representacao Ltda., and Oben Holding Group S.A.C. valued at approximately $116 million (effective 2023-09-01).

Action
entry
Agreement
asset purchase
Counterparty
Packfilm US, LLC, Film Trading Importacao e Representacao Ltda., and Oben Holding Group S.A.C.
Value
approximately $116 million
Effective
2023-09-01
Exact text from the filing
On September 1, 2023, Terphane LLC (“Terphane LLC”), Terphane Limitada (“Limitada” and together with Terphane LLC, the “Companies”), Tredegar Film Products (Latin America), Inc. (“LatAm”), Terphane Acquisition Corporation II (“Tac II”), TAC Holdings, LLC (“TAC”), Tredegar Investments LLC (“Investments” and together with LatAm, Tac II and TAC, the “Sellers”), and Tredegar Corporation (“Tredegar”), in its capacity as representative of the Sellers and for the purposes of guaranteeing Sellers’ payment and performance obligations under the Purchase Agreement (as defined below), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Packfilm US, LLC (“ Packfilm ”), Film Trading Importacao e Representacao Ltda. (“ Film Trading ” and together with Packfilm, the “ Buyers ”) and Oben Holding Group S.A.C. (“Oben”), in its capacity as representative of the Buyers and for the purposes of guaranteeing Buyers’ payment and performance obligations under the Purchase Agreement, pursu
View on SEC.gov

Browse all material agreements →

TREDEGAR CORP filing history →

Source: SEC EDGAR
accession 0001193125-23-228143
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.