US EditionTranscontinental to Sell Packaging Business, Plans Distribution to Shareholders
TC Transcontinental will distribute about $20 per share to shareholders from $2.22 billion sale of mostly U.S.-based Packaging business to ProAmpac, aiding debt reduction.
- On Dec. 8, 2025, Transcontinental Inc. announced a Stock Purchase Agreement to sell its Packaging Sector to ProAmpac, with an enterprise value of approximately $2.2 billion and roughly $2.1 billion in cash consideration.
- Amid industry consolidation, the company is maximizing shareholder value and refocusing on Retail Services & Printing and in-store marketing , management said.
- For the 12 months ended July 27, 2025, the Packaging Sector generated approximately $1.6 billion in revenues and $157 million in operating earnings, with adjusted operating earnings before depreciation and amortization of about $255 million implying acquisition multiples of 8.7x and 9.0x .
- Upon closing in the first quarter of 2026, shareholders will receive approximately $20.00 per share, with the proxy mailing by December 19, 2025, and approval expected at the end of January 2026.
- ProAmpac will broaden its end-market focus by including protein, dairy and medical segments and expanding its geographic reach through TC Transcontinental Packaging's U.S.-weighted footprint, while Transcontinental expects a streamlined profile with stronger free cash flow and a pro forma Net indebtedness ratio of approximately 1.7x.
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ProAmpac Buys TC Transcontinental Packaging
Image Credit: ProAmpac Flexible packaging supplier ProAmpac is acquiring TC Transcontinental Packaging (TCP) from Canadian conglomerate TC Transcontinental for US$1.51 billion. Headquartered in Chicago, TCP is the packaging sector of TC Transcontinental. With approximately 3,500 employees, TCP operates 25 production plants, located throughout North America, Latin America, the United Kingdom, and New Zealand, which specialize in extrusion, printi…
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Transcontinental to sell packaging business, plans distribution to shareholders
MONTREAL — Transcontinental Inc. has signed an agreement to sell its packaging business to ProAmpac Holdings Inc. in an deal valued at $2.22 billion, including debt lease obligations.
Transcontinental announced on Monday that it had entered into an agreement to sell its packaging business to ProAmpac Holdings for $2.10 billion.
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