ProAmpac to acquire packaging business from TC Transcontinental for $1.51bn.

ProAmpac, a flexible packaging manufacturer, agreed to acquire the packaging business from TC Transcontinental, a Montreal-based packaging, commercial printing, and specialty media company, for $1.51bn. “I believe that TCP has found an exciting new home with ProAmpac. Like TC Transcontinental, ProAmpac has built its business with a relentless focus on helping customers succeed. With this common background, I am confident that ProAmpac will be a strong cultural fit for TCP and that the combination will be well positioned to deliver increased value to customers. We are thankful for the efforts and contributions of TCP’s extraordinary employees to TC Transcontinental and are excited for their next chapter as part of ProAmpac,” Isabelle Marcoux, Transcontinental Executive Chair of the Board.