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TREDEGAR COMPLETES ACQUISITION OF BRAZILIAN FILMS BUSINESS

 TREDEGAR COMPLETES ACQUISITION OF BRAZILIAN FILMS BUSINESS
 RICHMOND, Va., May 1 /PRNewswire/ -- Tredegar Industries, Inc. (NYSE: TG) has acquired Folium Plasticos Especiais Ltda., a plastic films business in Sao Paulo, Brazil. Folium produces polyethylene and polypropylene films for disposable diapers and other personal care products.
 Folium's 1991 sales were approximately $6.8 million. Details of the agreement were not disclosed.
 The Folium business, which includes a 21,000 square-foot office and manufacturing facility, will become part of Tredegar's Film Products division. The division is a major producer of plastic films for personal products and industrial, packaging and agricultural applications. Folium's primary markets are in South America, including Brazil, Argentina and Chile.
 John D. Gottwald, Tredegar's president and chief executive officer, said: "The Folium acquisition gives our Film Products division an immediate presence in South America and a base for continued penetration of this growing market."
 Tredegar Industries is a diversified manufacturer of plastics and metal products and has interests in coal, oil and gas.
 -0- 5/1/92
 /CONTACT: Edward A. Cunningham, 804-330-1598, or Thomas E.B. Phillips, 804-330-1043, both of Tredegar Industries, Inc./
 (TG) CO: Tredegar Industries, Inc.; Folium Plasticos Expeciais Ltda ST: Virginia IN: OIL SU: TNM


DF -- CH002 -- 5362 05/01/92 10:01 EDT
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Publication:PR Newswire
Date:May 1, 1992
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