ProAmpac completes USD 1.51bn purchase of TC Transcontinental Packaging
ProAmpac has completed its USD 1.51bn acquisition of TC Transcontinental Packaging, a deal first disclosed in December 2025; TC Transcontinental recorded the closing of the packaging sale on 6 March 2026. The acquired business runs 25 facilities with 3,500 employees in extrusion, printing, lamination, converting and recycling, serving agriculture, beverage, dairy, meat and pet food customers. TC Transcontinental is concentrating on retail services and printing and educational publishing and paid a special distribution of USD 14.14 (CAD 20.00) per share on 20 March 2026 out of the proceeds.
Why this mattersNorth American flexible packaging consolidates further: ProAmpac adds 25 plants in protein, dairy and pet food formats, while converting customers lose a bidder at contract renewal.
- ProAmpac acquired TC Transcontinental Packaging for USD 1.51bn; TC Transcontinental recorded the closing of the packaging sale on 6 March 2026.
- The transaction was first disclosed in December 2025.
- The acquired business comprises 25 facilities and 3,500 employees across extrusion, printing, lamination, converting and recycling.
- TC Transcontinental paid a special distribution of USD 14.14 (CAD 20.00) per share on 20 March 2026, funded by the packaging sale.
- TC Transcontinental will focus its remaining business on retail services and printing and educational publishing.
- TC Transcontinental's Q3 FY2026 revenue from continuing operations was USD 216.4m (CAD 306.0m), up 3.8% year on year, with net earnings of USD 26.1m (CAD 36.9m).
- Operating earnings for Q3 FY2026 (quarter ended 26 July 2026) rose 126.8% to USD 47.2m (CAD 66.9m) from USD 20.8m (CAD 29.5m).
- The company sold two buildings for net consideration of USD 25.7m (CAD 36.5m), boosting the quarter's earnings.
- A nationwide rollout of the raddar loyalty programme, completed in mid-June 2026, lifted revenue in the Retail Services and Printing Sector.