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Slide #78. Tredegar Corporation — AACOA, Inc.
Tredegar Corporation (NYSE:TG)
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 is primarily engaged in the manufacture of aluminum extrusions, polyethylene (PE) plastic films, and polyester films. Co.'s reportable business segments are: Aluminum Extrusions, which also referred to as Bonnell Aluminum, produces soft-alloy and custom fabricated and finished aluminum extrusions; PE Films, which is composed of surface protection films, polyethylene overwrap films and films for other markets and Flexible Packaging Films, which produces PET-based films for use in packaging applications that have properties, such as heat resistance, strength, barrier protection and the ability to accept print graphics.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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