ProAmpac announced a definitive agreement to acquire TC Transcontinental Packaging (TCP) from TC Transcontinental in a US $1.51 billion transaction that will substantially broaden ProAmpac’s international presence and material science capabilities. TCP generated approximately US $1.2 billion in revenue in the 12 months ending July 27, 2025, and the acquisition is anticipated to close in the first quarter of 2026 pending shareholder and regulatory approvals.

With operations across North America, Latin America, the United Kingdom and New Zealand, TCP brings ProAmpac expanded manufacturing capacity and advanced capabilities in key sectors including dairy, meat, protein, medical and pharmaceutical packaging. The acquisition accelerates ProAmpac’s development of next-generation sustainable packaging solutions such as mono-material structures, barrier films and fiber-based alternatives.

“This acquisition is a transformative milestone for ProAmpac and TCP,” said Greg Tucker, Founder, Vice Chairman and CEO of ProAmpac. “Through TCP, ProAmpac is broadening its end-market focus 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 for Transcontinental Inc., welcomed the transaction, noting the cultural alignment between the companies. “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. This combination will be well positioned to deliver increased value.”

ProAmpac’s majority owner, PPC, also emphasized the strategic significance. “We have maintained a long-term commitment to building ProAmpac into a leading packaging provider,” said Michael Nelson, Managing Partner and Head of Investing at PPC. He noted that the acquisition of TCP continues the company’s strategy of expanding sustainable packaging offerings and geographic reach.

The transaction is supported by Goldman Sachs as lead financial advisor and J.P. Morgan Securities LLC as financial advisor to ProAmpac, with Kirkland & Ellis LLP and McCarthy Tétrault LLP serving as legal counsel. With this acquisition, ProAmpac positions itself as a stronger global competitor in flexible packaging—deepening technical expertise, accelerating sustainable innovation, and expanding its ability to serve customers across a wider set of markets.