Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Tredegar history
Tredegar company history timeline
In late 1988, however, the company announced that it was consolidating its plastics, aluminum, and energy groups into a new subsidiary, Tredegar Industries Inc., all of the assets of which management had considered selling off.
Tredegar was spun off in 1989 from Ethyl Corporation, which 30 years earlier had been acquired by Albemarle Paper Manufacturing Company, owned by the Gottwald family.
Since 1989 the company's Dutch plant had been able to supply European markets but was now unable to meet the growing demand for Tredegar products in Europe and Russia, markets similar to China and Asia where the sale of disposable personal products held great promise for the future.
In 1989, the aluminum, plastics, and energy units became Tredegar Industries.
Adjusting its business mix, Tredegar struggled at first, hindered by the effects of a poor economy, which especially impacted the company's aluminum extrusion business. It formed a venture capital firm, Tredegar Investments, in 1990 to invest in communications, life sciences, and information technology companies.
Tredegar in 1992 moved into the computer software business, buying APPX Software, a Richmond developer of business applications software.
1992: Tredegar becomes involved in biotechnology through Molecumetics.
1994: Last of energy assets is sold.
And in 1994, the specialty chemicals business was spun off as Albemarle Corporation.
They showed such improvement in 1995 that the company posted net income of $24.1 million, or $1.80 per share.
In 1998 Tredegar expanded its aluminum operations to Canada, acquiring the assets of Exal Aluminum Inc. and its two aluminum extrusion plants with annual sales of more than $90 million.
Tredegar also expanded its presence in biotechnology with the 1999 acquisition of Therics, a Princeton, New Jersey, company involved in the development of bone and tissue replacement.
In 1999 Tredegar's film products business struggled while the aluminum extrusions business continued to flourish.
Tredegar took steps in 2000 to revitalize the film products business by acquiring ADMA and Promea, both operating in Italy, a move that also furthered its globalization strategy.
Rate Tredegar's efforts to communicate its history to employees.
Tredegar jobs
Do you work at Tredegar?
Is Tredegar's vision a big part of strategic planning?
Tredegar competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Formosa Plastics | 1978 | $1.3B | 10,000 | 54 |
| Bonnell Aluminum | 1955 | $210.0M | 999 | 37 |
| MOCAP | 1982 | $33.0M | 100 | - |
| Bon L Manufacturing Company | 1953 | $153.8M | 1,000 | - |
| American RENOLIT Corporation | 1946 | $80.0M | 100 | - |
| AACOA, Inc. | 1972 | $90.3M | 350 | - |
| H.C. Starck | 1920 | $130.8M | 500 | 1 |
| Elevate Textiles | 1923 | $750.6M | 3,000 | 47 |
| Foldcraft | - | $31.0M | 200 | 3 |
| Balchem | 1967 | $953.7M | 1,342 | 50 |
Tredegar history FAQs
Zippia gives an in-depth look into the details of Tredegar, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tredegar. The employee data is based on information from people who have self-reported their past or current employments at Tredegar. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tredegar. The data presented on this page does not represent the view of Tredegar and its employees or that of Zippia.
Tredegar may also be known as or be related to TREDEGAR CORP, Tredegar, Tredegar Corp., Tredegar Corporation, Tredegar Film Products and Tredegar Investments.