Tredegar’s Terphane Sale Approved by Brazilian Authority

Tredegar ( (TG) ) has shared an announcement.

Tredegar Corporation announced that Brazil’s competition authority approved the sale of its flexible packaging films business, Terphane, to Oben Group, with the transaction expected to close by November 1, 2024. The sale, initially agreed upon in September 2023, is subject to customary conditions and post-closing commitments to address competition concerns. However, readers should note that forward-looking statements are subject to risks and uncertainties that may affect the outcome.

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