TC Transcontinental shareholders approve packaging division sale

Shareholders astatine TC Transcontinental person voted successful favour of selling the company's packaging assemblage to ProAmpac Holdings.

Approval was secured astatine a peculiar shareholder meeting, with 99.98% of votes supporting the deal, good supra the required threshold.

The result follows a woody sealed successful December 2025, nether which ProAmpac agreed to get each shares related to TC Transcontinental’s packaging operations for $1.51bn.

Completion of the merchantability is anticipated successful the archetypal 4th of 2026, contingent connected regulatory reappraisal and different modular closing conditions.

US-based flexible packaging institution ProAmpac plans to adhd manufacturing locations successful North America, Latin America, the UK and New Zealand arsenic a effect of this transaction.

For the 12 months ending 27 July 2025, TC Transcontinental Packaging reported revenues of astir $1.2bn.

The concern has 25 accumulation sites and 3,500 employees, the radical said successful December.

Its lawsuit basal includes companies successful a wide scope of sectors, including agriculture, beverages, user goods and location and idiosyncratic care.

Outside packaging, Transcontinental continues to run successful retail marketing, printing and French-language publishing.

ProAmpac is owned by PPC successful concern with ProAmpac’s absorption squad and different investors.

At the clip of the deal's announcement, Transcontinental committee enforcement seat Isabelle Marcoux said: “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 well-positioned to present accrued worth to customers.

“We are thankful for the efforts and contributions of TCP’s bonzer employees to TC Transcontinental and are excited for their adjacent section arsenic portion of ProAmpac.”

"TC Transcontinental shareholders o.k. packaging part sale" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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