Dec 09, 2025 (MarketLine via COMTEX) --
The purchase price is subject to standard post-closing adjustments relating to debt, cash and net working capital.
US-based flexible packaging provider?ProAmpac has agreed to acquire TC Transcontinental Packaging (TCP) from Canada-based TC Transcontinental (Transcontinental) forA$1.51bn.A
The purchase price is subject to standard post-closing adjustments relating to debt, cash and net working capital.AA
The deal will be finalised in the first quarter of 2026, Acontingent on shareholder approval, regulatory clearances and other standard conditions.A
The acquisition will add manufacturing sites in North America, Latin America, the UK and New Zealand to ProAmpacaEUR(TM)s footprint.AA
The transaction broadens ProAmpac's offering in sustainable packaging solutions and enhances its material science capabilities, with a focus on dairy, meat, medical and pharmaceutical applications.A
ProAmpac founder, vice-chairman and CEO Greg Tucker stated: aEURoeThis acquisition is a transformative milestone for ProAmpac and TCP. Through TCP, ProAmpac is broadening its end-market focus to include protein, dairy and medical segments, and expanding its geographic presence.AA
aEURoeTogether we are committed to delivering high-performing and increasingly sustainable packaging solutions to customers.aEURAAA
For the 12 months to 27 July 2025, TCP reported revenues of around $1.2bn.AA
The business runs 25 plants and employs 3,500 people.AA
Its activities include extrusion, printing, lamination, converting and recycling, serving the dairy, coffee, meat and poultry, pet food, agriculture, beverages, home and personal care markets, consumer products and medical sectors.A
Goldman Sachs is the lead financial adviser to ProAmpac, with J.P. Morgan Securities also serving as a financial adviser.AA
Legal counsel to ProAmpac is being provided by Kirkland & Ellis and McCarthy TA(C)traultA
Transcontinental executive chair of the board Isabelle Marcoux added: aEURoeI believe that TCP has found an exciting new home with ProAmpac. Like TC Transcontinental, ProAmpac has built its business with a relentless focus on helping customers succeed.AA
aEURoeWith this common background, I am confident that ProAmpac will be a strong cultural fit for TCP and that the combination will be well positioned to deliver increased value to customers.aEURAA
TCP is the flexible packaging arm of Transcontinental, which is also involved in retail marketing, printing and French-language publishing.AA
ProAmpac, headquartered in Cincinnati, is owned by PPC, together with ProAmpacaEUR(TM)s management and other coinvestors.A
PPC is described as a family-oriented investment firm that partners with founder- and management-led businesses in manufactured products and services.A
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COMTEX_470953391/2227/2025-12-09T09:33:07
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