ProAmpac to buy TC Transcontinental Packaging for $1.51bn

Core Viewpoint - ProAmpac has agreed to acquire TC Transcontinental Packaging (TCP) for $1.51 billion, with the deal expected to finalize in the first quarter of 2026, pending shareholder approval and regulatory clearances [1][2]. Group 1: Acquisition Details - The acquisition will enhance ProAmpac's manufacturing footprint across North America, Latin America, the UK, and New Zealand [2]. - The transaction aims to broaden ProAmpac's sustainable packaging solutions and improve its material science capabilities, particularly in dairy, meat, medical, and pharmaceutical sectors [2][3]. - TCP reported revenues of approximately $1.2 billion for the 12 months ending July 27, 2025 [3]. Group 2: Operational Insights - TCP operates 25 plants and employs around 3,500 people, engaging in activities such as extrusion, printing, lamination, converting, and recycling [4]. - The company serves various markets, including dairy, coffee, meat, poultry, pet food, agriculture, beverages, home and personal care, consumer products, and medical sectors [4]. Group 3: Leadership and Advisory - ProAmpac's founder and CEO, Greg Tucker, emphasized the transformative nature of the acquisition and its potential to enhance customer offerings [3]. - Goldman Sachs is the lead financial adviser for ProAmpac, with J.P. Morgan Securities also advising, while legal counsel is provided by Kirkland & Ellis and McCarthy Tétrault [4].