Tredegar Corporation (NYSE:TG)

Tredegar Corporation (NYSE:TG) is a leading global manufacturer of plastic films and aluminum extrusions. With sales of approximately $800 million and over 2,000 employees, the company and its subsidiaries operate manufacturing facilities in North and South America, Europe and Asia.

Transaction Summary

Brookwood Associates advised Bonnell Aluminum, a subsidiary of Tredegar Corporation, on the acquisition of AACOA, Inc. AACOA is a leading manufacturer of aluminum extrusions with a full range of value-added capabilities and a reputation for outstanding product quality and customer service. AACOA has facilities in Indiana and Michigan.

Engagement Process and Outcomes

The Assignment – Tredegar Corporation sought to grow and diversify its subsidiary, The William L. Bonnell Company, a premier manufacturer of custom aluminum extrusions, through the acquisition of complementary businesses. Brookwood was selected in a competitive process, and Tredegar’s corporate development team leverage Brookwood’s industry expertise and transaction management skills to pursue and complete a domestic acquisition search.

Thorough Search for Acquisition Targets – Brookwood researched and initially identified over 250 potential acquisition targets. The initial target list was refined through interaction with Tredegar and Bonnell management, and Brookwood led initial diligence efforts on the 27 targets selected. Brookwood performed further due diligence on the five strongest targets identified and summarized findings on valuation, qualitative “pros” and “cons” and pro forma financial, end market and customer analysis.

The Result – Tredegar ultimately acquired AACOA, Inc., a company that offered significant end market and product line diversification. The acquisition added fabrication capabilities to Bonnell’s array of products and services while providing AACOA with large press capabilities and enhanced geographic sales coverage in a variety of end-use markets.



Press Release Excerpt

We are pleased to announce that Brookwood Associates has advised Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), on the acquisition of AACOA, Inc. AACOA is a leading manufacturing of aluminum extrusions with a full range of value-added capabilities. The acquisition will add fabrication capabilities to Bonnell's current array of products and services while providing AACOA with large press capabilities and enhanced geographic sales coverage in a variety of end-use markets. This transaction extends Brookwood Associates' extensive experience in the industrial manufacturing and metals processing sectors