Deal Closed | Tredegar Corporation | Sale of Indian Subsidiary

The details of the deal are as under:

Sector: Manufacturing/Industrials 

Announcement Date: 25-Aug-2020 

Completion Date: 30-Oct-2020 

Name of Client: Tredegar Corporation 

Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminium extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. 

Deal Description: Transfer of 100% equity ownership of Tredegar Film Products India Private Limited by Tredegar Corporation to Miramar Participações Ltda. 

Total Consideration: Confidential 

Team Members: The core transaction team consisted of Rajat Mukherjee (Partner), Sarthak Sarin (Partner) and Govinda Toshniwal (Senior Associate) with assistance from Ritu Shaktawat (Partner) and Sneh Shah (Senior Associate) on Indian Tax Law aspects. 

Role of Firm: Khaitan & Co advised and assisted Tredegar Corporation on the sale of its Indian subsidiary, Tredegar Film Products India Private Limited, to Miramar Participações Ltda., a Brazilian Company