ProAmpac announced that it has entered into a definitive agreement to acquire TC Transcontinental Packaging from TC Transcontinental for $1.51 billion. This deal will significantly expand the company’s global presence in flexible and sustainable packaging.
TC Transcontinental Packaging generated approximately US $1.2 billion in revenue during the twelve months ending July 27, 2025. The acquisition is expected to close in the first quarter of 2026, pending shareholder and regulatory approvals, as well as other customary conditions.
The acquisition will bring new capabilities across dairy, meat, medical, and pharmaceutical markets, while expanding ProAmpac’s manufacturing footprint across North America, Latin America, the United Kingdom, and New Zealand. By integrating TC Transcontinental Packaging’s extrusion, printing, lamination, converting, and recycling operations, ProAmpac anticipates strengthened innovation pipelines, including next-generation barrier films, mono-material packaging solutions, and advanced fiber-based offerings.
ProAmpac’s leadership described the acquisition as a significant step in its long-term plan to scale its presence in high-value packaging categories and accelerate sustainable materials development. The company’s owners, PPC, emphasized that the expansion aligns with their strategy to support growth through both acquisitions and organic initiatives. TC Transcontinental’s leadership similarly expressed confidence that ProAmpac will provide a strong cultural and operational fit for the acquired business.
Support: Goldman Sachs is serving as lead financial advisor to ProAmpac, with J.P. Morgan Securities also advising. Kirkland & Ellis and McCarthy Tétrault LLP are providing legal counsel.
KEY QUOTES
“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. 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.”
Greg Tucker, Founder, Vice Chairman, and Chief Executive Officer of ProAmpac
“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. 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.”
Isabelle Marcoux, Executive Chair of the Board, Transcontinental Inc.
“We have maintained a consistent, long-term commitment to building ProAmpac into a leading packaging provider, supporting both organic and acquisition growth to meet customer demand for more sustainable packaging solutions. The acquisition of TCP continues this strategy by adding a highly respected provider of innovative solutions in complementary markets and expanding ProAmpac’s presence geographically. In addition, I would like to thank the teams at ProAmpac, TC Transcontinental and TCP for all their efforts toward making this exciting combination a reality.”
Michael Nelson, Managing Partner and Head of Investing at PPC
