ProAmpac to buy TC Transcontinental Packaging for $1.51bn

US-based flexible packaging provider ProAmpac has agreed to acquire TC Transcontinental Packaging (TCP) from Canada-based TC Transcontinental (Transcontinental) for $1.51bn. The purchase price is subject to standard post-closing adjustments relating to debt, cash and net working capital. The deal will be finalised in the first quarter of 2026, contingent on shareholder approval, regulatory clearances and other standard conditions. The acquisition will add manufacturing sites in North America, Latin Amer ...