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Rubber & Plastics M&A image Rubber & Plastics M&A » By The Online Investor Staff, updated Fri., May. 3, 3:34 AM Recent mergers and acquisitions in the Rubber & Plastics M&A category.

Slide #12. Tredegar Corporation AACOA, Inc.

Acquirer: Tredegar Corporation (NYSE:TG)
Acquiree: AACOA, Inc.
Details: Tredegar Corporation announced today that its subsidiary, The William L. Bonnell Company, Inc., has acquired 100% ownership of AACOA, Inc, a leading manufacturer of aluminum extrusions in North America. The approximate purchase price of $50.8 million was funded using financing under Tredegar's existing $350 million credit facility. Tredegar expects the acquisition to be accretive in the first year following the acquisition.

Tredegar manufactures aluminum extrusions, polyethylene (PE) plastic films and polyester (PET) films. Co.'s segments are: Aluminum Extrusions, PE Films and Flexible Packaging Films. The Aluminum Extrusions segment manufactures mill (unfinished), machined, anodized and painted (finished) and fabricated aluminum extrusions for sale directly to fabricators and distributors. The PE Films segment produces surface protection films, PE overwrap films and films for other markets. The Flexible Packaging Films segment produces PET-based films for use in packaging applications that have certain properties, such as heat resistance, strength, barrier protection and the ability to accept print graphics.

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Company Name:  Tredegar Corp.
Website:  www.tredegar.com
Sector:  Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding TG:  14
Total Market Value Held by ETFs:  $15.62M
Total Market Capitalization:  $220.00M
% of Market Cap. Held by ETFs:  7.10%
 

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May 3, 2024    3:34 AM Eastern
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