Cincinnati, OH-based flexible-packaging converting giant ProAmpac signs a definitive agreement to acquire TC Transcontinental Packaging from TC Transcontinental for US$1.51 billion (approximately CAD$2.1 billion). The deal is expected to close in Q1 2026.
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 UK, 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.
“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,” says Greg Tucker, Founder, Vice Chairman, and Chief Executive Officer of ProAmpac. “TCP and ProAmpac share the same dedication to excellence, customer focus, and doing business the right way. We are thrilled to welcome the TCP team into the ProAmpac family.”
“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,” adds Isabelle Marcoux, Executive Chair of the Board, Transcontinental, Inc. “We are thankful for the efforts and contributions of TCP’s extraordinary employees to TC Transcontinental and are excited for their next chapter as part of ProAmpac.”
Headquartered in Chicago, TC Transcontinental Packaging is the packaging sector of Transcontinenta,l Inc. With approximately 3,500 employees, TC Transcontinental Packaging operates 25 production plants, located throughout North America, Latin America, the UK, and New Zealand, which specialize in extrusion, printing, lamination, converting, and recycling. The company offers a wide variety of flexible products, serving customers across the dairy, coffee, meat and poultry, pet-food, agriculture, beverage, home and personal-care, consumer, and medical markets.