Tredegar (Bonnell Aluminum) Acquires Futura Industries

February 1, 2017

Tredegar Corporation’s subsidiary The William L. Bonnell Company, Inc. (Bonnell Aluminum) agreed to acquire 100% of Futura Industries Corporation for approximately $92 million in a net debt-free, asset purchase expected to close by mid‑February 2017. Futura, headquartered in Clearfield, Utah, (≈350 employees) supplies extruded aluminum products and OEM components for end markets including flooring trims, truck grills and solar panels; the deal is expected to be immediately accretive to Tredegar's ongoing earnings and expands Bonnell's presence in the western U.S.

Buyers
Tredegar Corporation, The William L. Bonnell Company, Inc. (Bonnell Aluminum)
Targets
Futura Industries Corporation
Industry
Manufacturing
Location
Utah, United States
Transaction Type
Buyout

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