Shareholders at TC Transcontinental have voted in favour of selling the company’s packaging sector to ProAmpac Holdings.
Approval was secured at a special shareholder meeting, with 99.98% of votes supporting the deal, well above the required threshold.
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The outcome follows a deal sealed in December 2025, under which ProAmpac agreed to acquire all shares related to TC Transcontinental’s packaging operations for $1.51bn.
Completion of the sale is anticipated in the first quarter of 2026, contingent on regulatory review and other standard closing conditions.
US-based flexible packaging company ProAmpac plans to add manufacturing locations in North America, Latin America, the UK and New Zealand as a result of this transaction.
For the 12 months ending 27 July 2025, TC Transcontinental Packaging reported revenues of approximately $1.2bn.
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By GlobalDataThe business has 25 production sites and 3,500 employees, the group said in December.
Its client base includes companies in a wide range of sectors, including agriculture, beverages, consumer goods and home and personal care.
Outside packaging, Transcontinental continues to operate in retail marketing, printing and French-language publishing.
ProAmpac is owned by PPC in partnership with ProAmpac’s management team and other investors.
At the time of the deal’s announcement, Transcontinental board executive chair Isabelle Marcoux said: “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.”
