September 5, 2023
Hunton Andrews Kurth LLP is representing Tredegar Corporation (NYSE: TG) in the cross-border sale of its flexible packaging films business, Terphane, to Oben Group for a net debt-free base consideration of $116 million. Terphane has approximately 500 employees with manufacturing sites located in Brazil and New York, and headquarters located in São Paulo, Brazil. It exports its products to 29 countries. The transaction is subject to customary closing conditions, including regulatory approvals.
The team is being led by M&A Partner Richard Warren and counsel Rachel Northup and includes Will Freeman and Drew Hermiller (tax), Marissa Rogers and Steven Haas (M&A), Greg Wall and Erin Grisby (environmental), Ryan Glasgow and Tyler Laughinghouse (labor and employment), Tyler Maddry (intellectual property), J.C. Chenault (real estate) and Kim MacLeod, Hillary Patterson and David Hiltebrand (finance), among others.