secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001193125-23-228143
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000119312523228143/0001193125-23-228143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000119312523228143/d539320d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-228143

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