TC Transcontinental Shareholders Approve Sale of Packaging Business

Core Viewpoint - TC Transcontinental has received shareholder approval for the sale of its Packaging business to ProAmpac Holdings, with 99.98% of votes in favor, exceeding the required threshold of 66 2/3% [2]. Group 1: Transaction Details - The stock purchase agreement between TC Transcontinental and ProAmpac was executed on December 7, 2025, and announced on December 8, 2025 [1]. - The transaction is expected to close in the first quarter of calendar year 2026, pending regulatory approvals and customary conditions [2]. Group 2: Company Overview - TC Transcontinental is a leader in flexible packaging in North America, a major retail marketing services provider, and the largest printer in Canada [3]. - The company generated revenues of $2.7 billion for the fiscal year ending October 26, 2025, and employs approximately 7,600 individuals, primarily in Canada, the United States, and Latin America [5].