TC Transcontinental completes sale of its Packaging Business to ProAmpac Holdings Inc.

Executive Summary

• Completed the sale of TC Transcontinental’s Packaging Business to ProAmpac Holdings Inc. for cash proceeds of $2.1 billion.
• The company will distribute approximately $20.00 per share to shareholders via a capital reduction ($7.00 per Class A share) and a cash dividend for the balance, pending shareholder approval.
• Proceeds enable TC Transcontinental to focus on its core Retail Services & Printing and Educational Publishing businesses.

Key Details

• Transaction: Sale of Packaging Business to ProAmpac Holdings Inc.; cash consideration of $2.1 billion (CAD/USD conversion 1.37).
• Distribution Plan: Approx. $20.00 per share – split between a $7.00 per Class A share capital reduction and a cash dividend for the remainder.
• Shareholder Approval: Capital reduction requires approval at the upcoming Annual and Special meeting of shareholders (details to be released March 10, 2026).
• Strategic Rationale: Allows TC Transcontinental to concentrate resources on Retail Services & Printing and Educational Publishing segments.
• Financial Context: Prior year revenues from continuing operations were $1.1 billion (FY ended 26 Oct 2025); discontinued Packaging segment contributed $1.6 billion in revenue before the sale.

Notable Quotes

“The closing of the sale of our Packaging business represents a key milestone for TC Transcontinental,” said Isabelle Marcoux, Executive Chair of the Board. “This transaction will allow us to focus our resources on our Retail Services & Printing and Educational Publishing activities.”