RICHMOND, Va.--(BUSINESS WIRE)--Feb. 15, 2017--
Tredegar Corporation (NYSE:TG) announced today that its subsidiary, The
William L Bonnell Company, Inc. (“Bonnell Aluminum”), has completed the
acquisition of Futura Industries Corporation (“Futura”). The approximate
purchase price of $92 million was funded using Tredegar’s existing
revolving credit.
Headquartered in Clearfield, Utah, Futura designs and manufactures a
wide range of extruded aluminum products for a number of industries and
end markets, including branded flooring trims and TSLOTS, as well as OEM
components for truck grills, solar panels, fitness equipment and other
applications. Futura will operate as a division of Bonnell Aluminum.
About Tredegar Corporation
Tredegar Corporation is a manufacturer of plastic films and aluminum
extrusions. A global company headquartered in Richmond, Virginia,
Tredegar had 2015 sales of $896 million. With approximately 3,200
employees, the company operates manufacturing facilities in North
America, South America, Europe and Asia.
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Source: Tredegar Corporation
Tredegar Corporation
Neill Bellamy, 804-330-1211
neill.bellamy@tredegar.com