Transcontinental completes the sale of its packaging business to ProAmpac Holdings

TC Transcontinental, a printing, packaging, media and publishing services company is seen in Montreal on Friday, March 7, 2025. THE CANADIAN PRESS/Christinne Muschi

 CMU

MONTREAL - Transcontinental Inc. has signed an agreement to sell its packaging business to ProAmpac Holdings Inc. in an deal valued at $2.22 billion, including debt lease obligations.

The company also says it expects to use the proceeds from the sale to make a distribution to shareholders of $20 per share.

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