ProAmpac, a global innovator in flexible packaging and material science, announced today that it has signed a definitive agreement to acquire TC Transcontinental Packaging (TCP) from TC Transcontinental for $1.51 billion, subject to customary adjustments for debt and debt-like items, cash, and net working capital. TCP generated approximately $1.2 billion in revenue during the last 12 months ended July 27, 2025. The transaction is expected to close in the first quarter of calendar 2026, subject to shareholder approval, regulatory approvals and other customary conditions.
ProAmpac brings sustainability, speed, and material science to the global packaging market. TCP is a strong strategic fit that will add advanced capabilities in the dairy, meat, medical, and pharmaceutical end markets, as well as manufacturing capacity in North America, Latin America, the United Kingdom, and New Zealand. The combination will further accelerate ProAmpac’s development of next-generation packaging, including barrier films, mono-material structures, and fiber-based solutions, to help its customers meet their value creation and sustainability goals.
