Bonnell Aluminum announced its parent company, Tredegar Corp., acquired 100-percent ownership of Futura Industries. Upon the transaction closing, which is expected by mid-February, Futura will become an operating division of Bonnell.

Futura, headquartered in Clearfield, Utah, designs and manufactures extruded aluminum products and has approximately 350 employees.

“Following our successful acquisition of AACOA in October 2012, we have been actively searching for another acquisition that meets our stated goals for broadening our served markets and value-added capabilities,” says Bonnell president Brook Hamilton. “In Futura, we have found a top-quality manufacturer with a very strong management team that will help us move toward our strategic objectives in both growth and diversification.”