DCF Advises Tredegar Corporation on Brazilian Acquisition
Cross-border, flexible packaging transaction
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as the exclusive financial advisor to Tredegar Corporation (NYSE:TG) (Tredegar) in its acquisition of Terphane Holdings LLC (Terphane) from Vision Capital. DCF provided buy-side M&A advice to Tredegar and its Board of Directors. Terphane is a leading producer of thin polyester films with operations in Brazil and the U.S. The approximate purchase price of $188 million was funded using available cash on hand and financing from Tredegar's existing $300 million credit facility.
This transaction demonstrates DCF's deep insight in the packaging sector, and its ability to bring local insight to transactions in high growth developing markets such as Brazil through its global network of investment banking professionals within the Deloitte Touche Tohmatsu Limited member firms.
About Tredegar Corporation
Tredegar Corporation is primarily a manufacturer of plastic films and aluminum extrusions. A global company headquartered in Richmond, Virginia, Tredegar had sales of $740 million in 2010. With approximately 2,000 employees, the company operates manufacturing facilities in North America, South America, Europe, and Asia.
About Terphane Holdings LLC
With revenues of approximately $160 million, Terphane is a market leading producer of thin polyester films in Latin America with a growing presence in strategic niches in the United States. Terphane is headquartered in São Paulo, Brazil and operates two manufacturing facilities in Cabo, Pernambuco Brazil and Bloomfield, New York. It enjoys long-standing relationships with prominent Latin American and multinational customers.
About Vision Capital
Vision Capital is an innovative private equity investor focused on delivering comprehensive strategic transactions for sellers. Vision Capital has operations in Europe and the Americas and a multi-sector approach with specialist expertise in Financials and Real Estate, Industrials and Manufacturing, and Business Services and Consumer.