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ProAmpac completes TC Transcontinental flexible packaging acquisition
Yahoo Finance· 2026-03-06 17:58
Group 1 - ProAmpac has completed the acquisition of TC Transcontinental Packaging, marking a significant milestone in its growth strategy [2][7] - The acquisition is part of ProAmpac's long-term growth plan, which has been fueled by numerous acquisitions since its acquisition by Pritzker Private Capital in 2016 [3][4] - The deal enhances ProAmpac's capabilities by combining its speed to market and advanced material science with TCP's global manufacturing scale and advanced coatings [5][6] Group 2 - TC Transcontinental received $2.1 billion in cash from the acquisition, allowing it to focus on its Retail Services & Printing and Educational Publishing activities [7] - The company plans to distribute approximately $20 per share to its shareholders, which includes a reduction of stated capital and a cash dividend [7]