AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 26, 1995
    
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
   
                                 SCHEDULE 13E-4
                               (Final Amendment)
                         ISSUER TENDER OFFER STATEMENT
                      (Pursuant to Section 13(e)(1) of the
                        Securities Exchange Act of 1934)
    
                           TREDEGAR INDUSTRIES, INC.
                                (Name of Issuer)
                           TREDEGAR INDUSTRIES, INC.
                      (Name of Person(s) Filing Statement)
                      COMMON STOCK, NO PAR VALUE PER SHARE
                         (Title of Class of Securities)
                                    89465010
                     (CUSIP Number of Class of Securities)
                             NANCY M. TAYLOR, ESQ.
                        CORPORATE COUNSEL AND SECRETARY
                           TREDEGAR INDUSTRIES, INC.
                             1100 BOULDERS PARKWAY
                            RICHMOND, VIRGINIA 23225
                 (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications
                  on Behalf of the Person(s) Filing Statement)
                                   COPIES TO:
                          C. PORTER VAUGHAN, III, ESQ.
                               HUNTON & WILLIAMS
                          RIVERFRONT PLAZA, EAST TOWER
                              951 EAST BYRD STREET
                            RICHMOND, VIRGINIA 23219
                                 APRIL 17, 1995
                      (Date Tender Offer First Published,
                       Sent or Given to Security Holders)


   
     This Final Amendment amends and supplements the Issuer Tender Offer
Statement on Schedule 13E-4 dated April 17, 1995, as amended by Amendment No. 1
thereto dated May 3, 1995, Amendment No. 2 thereto dated May 11, 1995 and
Amendment No. 3 thereto dated May 16, 1995 (as amended, the "Issuer Tender Offer
Statement") relating to the offer by Tredegar Industies, Inc. (the "Company") to
purchase up to 1,000,000 shares of the Company's common stock, no par value per
share (the "Shares") (including the associated Preferred Stock Purchase Rights
issued pursuant to the rights agreement, dated as of June 15, 1989, as amended,
between the Company and the Rights Agent named therein), at per share prices
specified by tendering shareholders not in excess of $23.00 nor less than $20.00
per Share, in cash, net to the shareholder, upon the terms and subject to the
conditions set forth in the Company's Offer to Purchase dated April 17, 1995 and
in the related Letter of Transmittal. Capitalized terms used herein but not
otherwise defined shall have the meanings assigned to such terms in the Issuer
Tender Offer Statement.
    
   
     On May 16, 1995, the Company announced that, based on a preliminary count
by American Stock Transfer & Trust Company, the depositary for the Offer (the
"Depositary"), it had accepted for purchase 642,912 Shares at a price of $23.00
per Share, in accordance with the terms of the Offer.
    
   
     A total of approximately 642,797 Shares were validly tendered and not
withdrawn at or below the $23.00 per Share Purchase Price, including Shares for
which certificates were delivered to the Depositary pursuant to the Offer's
guaranteed delivery procedure. The Company has accepted for purchase all 642,797
Shares. On May 16, 1995, the Company issued a press release, a copy of which was
filed as Exhibit (a)(16) to Amendment No. 3 to the Issuer Tender Offer
Statement.
    
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                                   SIGNATURE
    
   
     After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this Final Amendment to Schedule 13E-4 is
true, complete and correct.
    
   
May 26, 1995
    
   
                                         TREDEGAR INDUSTRIES, INC.
    
   
                                         By: /s/ NORMAN A. SCHER
                                           Norman A. Scher
                                           Executive Vice President
    
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