Tredegar Corp. Acquires AACOA Inc.
October 1, 2012

Bonnell Aluminum (also known as the William L. Bonnell Co. Inc.), a subsidiary of Tredegar Corp., has acquired full ownership of AACOA Inc. (AACOA), a Midwestern manufacturer of aluminum extrusions in North America, according to a release by Bonnell. The transaction was valued at $50.8 million and includes facilities in both Elkhart, Ind., and Niles, Mich.

"We have been actively searching for an acquisition that meets our stated goals for expanding into markets outside of building and construction," says Duncan Crowdis, president of Bonnell Aluminum. "In AACOA, we found a top-quality manufacturer that will help us move toward our strategic objectives for both growth and diversification. By leveraging our combined capabilities in extruding, anodizing and fabrication, we will be able to offer high-quality products and services to a large base of customers and have the opportunity to profitably grow in attractive industry segments."

Dan Formsma, president of AACOA, adds, "We are thrilled to join forces with Bonnell Aluminum, a market leader in the aluminum extrusions industry. Our customers will benefit from Bonnell Aluminum's broad footprint and array of products and services. The strong strategic fit extends to our similar customer-centric cultures and values, and this move provides an excellent platform for us to grow the business together."

Subscribe to USGlass magazine.
Subscribe to receive the free e-newsletter.