TC Transcontinental completes sale of its Packaging Business to ProAmpac Holdings Inc.

Core Viewpoint - The completion of the sale of TC Transcontinental's Packaging Business to ProAmpac Holdings for $2.1 billion marks a significant milestone for the company, allowing it to refocus on its Retail Services & Printing and Educational Publishing activities [1][2]. Financial Summary - The anticipated distribution to shareholders is approximately $20.00 per share, which will be executed through a capital reduction of about $7.00 per Class A Share and a cash dividend for the remaining balance [2]. - The company's revenues from continuing operations were reported at $1.1 billion for the fiscal year ending October 26, 2025, while revenues from discontinued operations were $1.6 billion for the same period [6]. Company Background - TC Transcontinental, founded 50 years ago, employs around 4,000 individuals and is recognized as Canada's largest printer and a leader in French-language educational publishing [5]. - The company aims to enhance client success across various sectors, including retail, education, and information industries, by delivering innovative and high-value products and services [5].