Jun 04, 2020 activistcompany

Gottwald urges Tredegar Corp (TG) to sell assets and go private

Key Summary: On January 14, 2026, John D. Gottwald urged Tredegar’s board to sell its two remaining businesses and exit the public markets, citing high holding-company costs, lack of synergies, long-term underperformance, a 59% share price decline, and the dividend cut, and warned he will vote against the board absent decisive action.

Market Cap: $282 million | Tredegar Corporation, through its subsidiaries, is engaged in the manufacture of polyethylene (PE) plastic films, polyester (PET) films, and aluminum extrusions.

John D. Gottwald

On January 14, 2026, John D. Gottwald issued an open letter to the Board arguing that despite confidence in new CEO Bapi DasGupta, the best outcome for shareholders is to sell Tredegar’s two unrelated businesses—Bonnell and Surface Protection Films—and exit the public markets, citing a costly holding-company structure with no synergies, rising overhead, and severe long-term underperformance versus the S&P 500, including a 59% share price decline and dividend elimination, and warns he will continue voting against the board absent decisive action to unlock value.

GAMCO Investors

Gamco pressed for governance changes in 2013 by proposing the removal of the poison pill, which the company eliminated in February 2014, later increased its stake to 17.42% by September 2015, and subsequently reduced its ownership to 11.64% by June 2020.

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