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 US$1.51 billion (approximately CAD$2.1 billion), subject to customary adjustments for debt and debt-like items, cash, and net working capital. 

TCP generated approximately US$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,” ProAmpac said today in a statement. “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.”

Greg Tucker, Founder, Vice Chairman, and Chief Executive Officer of ProAmpac, said: “This acquisition is a transformative milestone for ProAmpac and TCP. Through TCP, ProAmpac is broadening its end-market focus to include protein, dairy, and medical segments, and expanding its geographic presence. Together we are committed to delivering high-performing and increasingly sustainable packaging solutions to customers.” 

Isabelle Marcoux, Executive Chair of the Board, Transcontinental Inc., said: “I believe that TCP has found an exciting new home with ProAmpac. Like TC Transcontinental, ProAmpac has built its business with a relentless focus on helping customers succeed. With this common background, I am confident that ProAmpac will be a strong cultural fit for TCP and that the combination will be well positioned to deliver increased value to customers.” 

Both ProAmpac and TC Transcontinental made Packaging Strategies’ list of the Top 25 Flexible Packaging Converters of 2025. You can check out the list here.