ProAmpac has signed a binding agreement to acquire TC Transcontinental Packaging (TCP) for USD 1.51 billion. The global flexible packaging manufacturer is thus expanding its market presence and its portfolio in the area of sustainable and material science-based solutions.
The transaction, which is subject to shareholder approval and regulatory approvals, is expected to be completed in the first quarter of 2026. TCP generated sales of around USD 1.2 billion in the twelve months to July 2025. The company operates 25 plants in North and Latin America, the United Kingdom and New Zealand and is active in numerous packaging segments, including dairy, meat, medical applications and pharmaceuticals.
Expansion of technological expertise and new markets
ProAmpac emphasises that TCP should further accelerate the development of sustainable packaging solutions - including barrier films, mono-material structures and fibre-based concepts. The company expects to gain additional production capacity and access to new end markets through the acquisition.
Greg Tucker, founder, Vice Chairman and CEO of ProAmpac, described the planned acquisition as a „transformative milestone“. TCP will enable ProAmpac to expand its market segments and strengthen its regional footprint. Transcontinental CEO Isabelle Marcoux also stated that TCP would find „an exciting new home“ at ProAmpac and emphasised the cultural fit between the two companies.
Strategic step within a long-term growth strategy
According to ProAmpac owner PPC, the transaction is part of a long-term strategy to develop the company into a leading provider of sustainable packaging solutions through organic growth and acquisitions.
Source: ProAmpac
