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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