Transcontinental packaging business sale to close March

Executive Summary

• ProAmpac Holdings Inc. has received regulatory clearance under the Competition Act (Canada) and the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (USA) for its proposed acquisition of the packaging business of TC Transcontinental.
• The transaction is expected to close on March 6, 2026, subject to the satisfaction of customary closing conditions.

Key Details

• Transaction Structure: Acquisition of all issued and outstanding shares of the entities carrying on the business of TC Transcontinental’s packaging sector.
• Regulatory Status: Waiting periods under both Canadian and US antitrust laws have expired or been terminated.
• Closing Date: March 6, 2026.
• Target Company: TC Transcontinental is a North American leader in flexible packaging, Canada's largest printer, and the Canadian leader in French-language educational publishing.
• Target Financials: TC Transcontinental generated revenues of $2.7 billion during the fiscal year ended October 26, 2025.
• Target Operations: The company has approximately 7,600 employees, primarily based in Canada, the United States, and Latin America.

Notable Quotes

• None provided in the text.