---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-228143"
form_type: "8-K"
ticker: "TG"
cik: "0000850429"
company_name: "TREDEGAR CORP"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:18:02.325857+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Net debt-free purchase price of $116M; Tredegar expects after-tax cash proceeds of ~$85M.
- Terphane had net sales of $152M and EBITDA of $16.4M in the 12 months ended June 30, 2023.
- Transaction includes 500 employees and plants in Brazil and New York; exports to 29 countries.
- Closing subject to competition authority clearances in Brazil and Colombia; expected in 8–14 months.
- Tredegar will retain aluminum extrusions, surface protection, and specialized polyester films segments.

## SEC filing metadata
- accession: 0001193125-23-228143
- form_type: 8-K
- ticker: TG
- cik: 0000850429
- company_name: TREDEGAR CORP
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850429/000119312523228143/0001193125-23-228143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850429/000119312523228143/d539320d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-228143
- JSON: https://secwatch.observer/filing/0001193125-23-228143.json
- Plain text: https://secwatch.observer/filing/0001193125-23-228143.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/850429/000119312523228143/0001193125-23-228143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.