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Transcontinental Completes the Sale of Its Packaging Business to ProAmpac Holdings
TC Transcontinental will distribute about $20 per share to shareholders from the $2.1 billion sale of its North American packaging business to ProAmpac.
- On March 06, 2026, Transcontinental Inc. completed the sale of its Packaging business to ProAmpac Holdings Inc., closing the transaction as reported by Globe Newswire and The Canadian Press.
- The deal was first announced in December of last year, valuing it at about $2.22 billion including debt, and Transcontinental Inc. shareholders approved the sale last month.
- TC Transcontinental's recent results show $1.6 billion in revenues from discontinued operations and $1.1 billion from continuing operations as of October 26, 2025.
- TC Transcontinental expects to distribute about $20.00 per share to shareholders via a Capital Reduction of approximately $7.00 per Class A Share plus a cash dividend, with details due on March 10, 2026.
- As a long‑standing Canadian printer, TC Transcontinental, founded 50 years ago and Canada’s largest, will focus on Retail Services & Printing and Educational Publishing, said Isabelle Marcoux.
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A major corporate shareholder of Transcontinental increased his participation in the Montreal company this week just before the sale of his packaging business.
·Montreal, Canada
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New Hamburg independent+6 Reposted by 6 other sources
TC Transcontinental completes sale of its Packaging Business to ProAmpac Holdings Inc.
MONTREAL, March 06, 2026 (GLOBE NEWSWIRE) -- Transcontinental Inc. (TSX: TCL.A TCL.B) ("TC Transcontinental" or the "Corporation") is pleased to announce that it has completed the previously announced sale of its Packaging Business to ProAmpac Holdings Inc. for cash proceeds…
·New Hamburg, Canada
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Total News Sources14
Leaning Left10Leaning Right1Center0Last UpdatedBias Distribution91% Left
Bias Distribution
- 91% of the sources lean Left
91% Left
L 91%
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