Rubber & Plastics M&A » By The Online Investor Staff, updated Thu., Aug. 6, 6:21 AM
Recent mergers and acquisitions in the Rubber & Plastics M&A category.
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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 is primarily engaged in the manufacture of aluminum extrusions, polyethylene (PE) plastic films, and polyester films. Co.'s business segments are: Aluminum Extrusions, which produces soft-alloy and medium-strength aluminum extrusions primarily for building and construction, automotive, consumer durables, machinery and equipment, electrical and distribution markets. PE Films, which manufactures plastic films, elastics and laminate materials; 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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