ProAmpac to buy TC Transcontinental Packaging for $1.51bn

US-based flexible packaging supplier ProAmpac has agreed to get TC Transcontinental Packaging (TCP) from Canada-based TC Transcontinental (Transcontinental) for $1.51bn.

The acquisition terms is taxable to modular post-closing adjustments relating to debt, currency and nett moving capital.

The woody volition beryllium finalised successful the archetypal 4th of 2026, contingent connected shareholder approval, regulatory clearances and different modular conditions.

The acquisition volition adhd manufacturing sites successful North America, Latin America, the UK and New Zealand to ProAmpac’s footprint.

The transaction broadens ProAmpac's offering successful sustainable packaging solutions and enhances its worldly subject capabilities, with a absorption connected dairy, meat, aesculapian and pharmaceutical applications.

ProAmpac founder, vice-chairman and CEO Greg Tucker stated: “This acquisition is simply a transformative milestone for ProAmpac and TCP. Through TCP, ProAmpac is broadening its end-market absorption to see protein, dairy and aesculapian segments, and expanding its geographic presence.

“Together we are committed to delivering high-performing and progressively sustainable packaging solutions to customers.”

For the 12 months to 27 July 2025, TCP reported revenues of astir $1.2bn.

The concern runs 25 plants and employs 3,500 people.

Its activities see extrusion, printing, lamination, converting and recycling, serving the dairy, coffee, nutrient and poultry, favored food, agriculture, beverages, location and idiosyncratic attraction markets, user products and aesculapian sectors.

Goldman Sachs is the pb fiscal advisor to ProAmpac, with J.P. Morgan Securities besides serving arsenic a fiscal adviser.

Legal counsel to ProAmpac is being provided by Kirkland & Ellis and McCarthy Tétrault

Transcontinental enforcement seat of the committee Isabelle Marcoux added: “I judge that TCP has recovered an breathtaking caller location with ProAmpac. Like TC Transcontinental, ProAmpac has built its concern with a relentless absorption connected helping customers succeed.

“With this communal background, I americium assured that ProAmpac volition beryllium a beardown taste acceptable for TCP and that the operation volition beryllium good positioned to present accrued worth to customers.”

TCP is the flexible packaging limb of Transcontinental, which is besides progressive successful retail marketing, printing and French-language publishing.

ProAmpac, headquartered successful Cincinnati, is owned by PPC, unneurotic with ProAmpac’s absorption and different coinvestors.

PPC is described arsenic a family-oriented concern steadfast that partners with founder- and management-led businesses successful manufactured products and services.