ProAmpac's Acquisition of TC Transcontinental Packaging Business

MONTRÉAL, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Transcontinental Inc. (“TC Transcontinental”) (TSX: TCL.A, TCL.B) announces that, in connection with the proposed acquisition by ProAmpac Holdings Inc. of all of the issued and outstanding shares of the share capital of the entities which carry on the business of TC Transcontinental’s Packaging Sector (the “Transaction”), the waiting periods under the Competition Act (Canada) and the Hart-Scott Rodino Antitrust Improvements Act of 1976 (U.S.A.), as amended, have either expired or been terminated.

ProAmpac Holdings Inc. has made significant strides in the packaging sector with its recent acquisition of the packaging business of TC Transcontinental. This strategic move is viewed as a crucial step in expanding ProAmpac's capabilities and market presence, solidifying its position as a leader in the flexible packaging industry.

The acquisition encompasses various aspects of TC Transcontinental’s packaging operations, which include innovative technologies and a diverse portfolio that caters to multiple sectors such as food, healthcare, and consumer goods. By integrating these valuable assets, ProAmpac aims to enhance its product offerings and provide more comprehensive solutions to its clients.

The decision to acquire TC Transcontinental's packaging business aligns with ProAmpac's broader strategy focused on growth through acquisitions, as they seek to develop synergies that will drive operational efficiency and deliver superior service. Furthermore, the deal is anticipated to unlock new revenue streams by leveraging TC Transcontinental's established customer relationships and market insights.

Industry experts anticipate that this acquisition will not only benefit ProAmpac but will also have a positive effect on the packaging sector as a whole. As companies like ProAmpac consolidate their resources, they can innovate more quickly and respond to market demands with increased agility.

As ProAmpac continues to integrate the acquired operations, the company is poised to enhance its competitive edge, making it a pivotal player in the ongoing evolution of the packaging landscape.