Hood Packaging completed the acquisition of industrial packaging operations from TC Transcontinental for $95m.

Hood Packaging, a packaging supplier, completed the acquisition of industrial packaging operations from TC Transcontinental, a Montreal-based packaging, commercial printing and specialty media company, for $95m. “Industrial packaging is a solid business. However, after operating it for several years, we concluded that it offers few synergies with the rest of our portfolio, and is not core to our Packaging Sector’s growth strategy," Thomas Morin, TC Transcontinental President and CEO.