ProAmpac Holdings Inc.'s Acquisition of the Packaging Business of TC Transcontinental Update

Executive Summary

• TC Transcontinental confirms that the regulatory waiting periods under Canada’s Competition Act and the U.S. Hart‑Scott‑Rodino Act have expired or been terminated for the proposed acquisition of its Packaging Sector by ProAmpac Holdings Inc.
• The company now expects the transaction to close on March 6, 2026, subject to customary closing conditions.

Key Details

• Waiting periods under the Competition Act (Canada) and the Hart‑Scott‑Rodino Antitrust Improvements Act (U.S.) are no longer in effect, removing a key regulatory hurdle for the deal.
• The acquisition involves ProAmpac Holdings Inc. purchasing all issued and outstanding shares of the entities that operate TC Transcontinental’s Packaging Sector.
• Expected closing date: March 6, 2026, assuming satisfaction of customary conditions (e.g., shareholder approvals, regulatory consents).
• No additional financial terms (price, consideration) disclosed in this release.

Notable Quotes

(No executive quotes were included in the release.)