TC Transcontinental shareholders approve packaging division sale

Shareholders at TC Transcontinental have voted in favour of selling the company's packaging sector to ProAmpac Holdings. Approval was secured at a special shareholder meeting, with 99.98% of votes supporting the deal, well above the required threshold. The outcome follows a deal sealed in December 2025, under which ProAmpac agreed to acquire all shares related to TC Transcontinental’s packaging operations for $1.51bn. Completion of the sale is anticipated in the first quarter of 2026, contingent on reg ...