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TREDEGAR MOLDED PRODUCTS TO ACQUIRE CUSTOM INJECTION MOLDING BUSINESS

 RICHMOND, Va., June 4 /PRNewswire/ -- Tredegar Molded Products, a subsidiary of Tredegar Industries Inc. (NYSE: TG), has agreed in principle to acquire the assets of Polestar Plastics Inc., a privately owned plastic injection molder in State College, Pa. Polestar manufactures custom injection molded products for the medical, electronics and business machine markets. Polestar's 1992 sales were $8.8 million.
 Details of the agreement were not disclosed. Tredegar expects to complete the acquisition in late July.
 Tredegar Molded Products is a full-service manufacturer of injection-molded plastic components and tooling for packaging and industrial markets.
 William L. Driggers, president of Tredegar Molded Products, said: "Polestar will give Tredegar an immediate presence in the growing medical and electronics markets. We look forward to completing the acquisition."
 Tredegar Industries, headquartered in Richmond, is a diversified manufacturer of plastics and metal products and has interests in energy and computer software.
 -0- 6/4/93
 /CONTACT: Edward A. Cunningham, 804-330-1598, or Thomas E.B. Phillips, 804-330-1043, both of Tredegar Industries/
 (TG)


CO: Tredegar Molded Products; Tredegar Industries, Inc.; Polestar
 Plastics Inc. ST: Virginia, Pennsylvania IN: SU: TNM


DC-IH -- DC009 -- 5361 06/04/93 10:11 EDT
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Publication:PR Newswire
Date:Jun 4, 1993
Words:190
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