Food and Beverage Business
Packaging

ProAmpac Acquires Flexibles Specialist TC Transcontinental Packaging in £1.12 Billion Deal

ProAmpac Acquires Flexibles Specialist TC Transcontinental Packaging in £1.12 Billion Deal £1.12bn, buy, deal, Flexible packaging, flexibles, FMCG, food, Mergers and acquisitions, petfood, ProAmpac, Specialist, TC Transcontinental Packaging Food and Beverage Business

Headquartered in Chicago, TC serves as the packaging division of Transcontinental, employing approximately 3,500 individuals across 25 production facilities located in North America, Latin America, the United Kingdom, and New Zealand.

Specializing in extrusion, printing, lamination, converting, and recycling, TC offers a diverse range of flexible products tailored to meet the demands of the food and drink sustainability sector.

Greg Tucker, founder, vice chairman, and chief executive of ProAmpac, stated: “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.”

Moreover, Tucker emphasized that “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.”

Isabelle Marcoux, executive chair of the board at Transcontinental, remarked: “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.”

In summary, this strategic acquisition not only enhances ProAmpac’s portfolio but also underscores a commitment to sustainable packaging solutions that resonate with current consumer trends in food and drink marketing.

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