TC Transcontinental completes sale of its Packaging Business to ProAmpac Holdings Inc.

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentMONTREAL, March 06, 2026 (GLOBE NEWSWIRE) — Transcontinental Inc. (TSX: TCL.A TCL.B) (“TC Transcontinental” or the “Corporation”) is pleased to announce that it has completed the previously announced sale of its Packaging Business to ProAmpac Holdings Inc. for cash proceeds of $2.1 billion(1).Sign In or Create an AccountEmail AddressContinueor View more offersArticle content“The closing of the sale of our Packaging business represents a key milestone for TC Transcontinental,” said Isabelle Marcoux, Executive Chair of the Board. “I want to thank all our packaging employees for their dedication and engagement in building this business for over a decade. This transaction will allow us to focus our resources on our Retail Services & Printing and Educational Publishing activities.”Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentThe Corporation expects to distribute approximately $20.00 per share (the “Distribution”) to shareholders, through: (i) a reduction of stated capital (the “Capital Reduction”) of approximately $7.00 per Class A Share and (ii) a cash dividend distribution for the balance of the expected Distribution.

Any Capital Reduction is subject to shareholder approval. More information regarding the distribution will be provided on March 10, 2026, following the release of the results for the first quarter of fiscal 2026 and the Annual and Special meeting of shareholders.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content(1) Converted at an exchange rate of 1.37 CAD/USDArticle contentForward-looking statementArticle contentThis press release contains forward-looking statements regarding the anticipated distribution of approximately $20.00 per share which are based on the expectations of management and inherently subject to a certain number of risks and uncertainties, known and unknown. By their very nature, forward-looking statements are derived from both general and specific assumptions. The Corporation cautions against undue reliance on such statements since actual results or events may differ materially from the expectations expressed or implied in them.Article contentArticle contentThe Corporation disclaims any obligation to update forward-looking statements except as required by law.Article contentAbout TC TranscontinentalArticle contentFounded 50 years ago and 4,000 employees strong, Transcontinental Inc. (TSX: TCL.A TCL.B), known under the TC Transcontinental brand, is a Canadian retail marketing services company, Canada’s largest printer, and the Canadian leader in French-language educational publishing. Driven by the vision of a more informed, educated and prosperous society, TC Transcontinental propels its clients’ success across the retail, education, book and information industries. With agility, creativity and boldness, we design and deliver innovative, high-value products and services. Article contentThe Corporation’s revenues from continuing operations were $1.1 billion for the fiscal year ended October 26, 2025. Until the sale of its Packaging Sector to ProAmpac, which was completed on March 6, 2026, the Corporation was also a North American leader in flexible packaging with approximately 3,600 employees, and revenues from the Corporation’s discontinued operations were $1.6 billion for the fiscal year ended October 26, 2025. For more information, please visit www.tc.tc. Article contentFor information: MediaFinancial Community Laurence BoucicaultSenior Advisor,Corporate CommunicationsTC Transcontinental(438) 226-0469laurence.boucicault@tc.tcwww.tc.tcYan Lapointe Senior Director, Investor Relations & TreasuryTC Transcontinental (514) 954-3574 yan.lapointe@tc.tc www.tc.tcArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending Bank of Canada governor warns of growing risks to financial stability Economy U.S. aluminum buyers hunt for alternatives as Iran war upends global supply Commodities South Bow confirms open season for new pipeline to the U.S. using legacy Keystone XL permits Oil & Gas Beer, wine sales fall even more, putting tax revenues on the rocks, but one boozy drink is on the rise Retail & Marketing Posthaste: Canadians are paying more than lip service to Buy Canada — and now the numbers prove it News Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Bank of Canada governor warns of growing risks to financial stability Economy U.S. aluminum buyers hunt for alternatives as Iran war upends global supply Commodities South Bow confirms open season for new pipeline to the U.S. using legacy Keystone XL permits Oil & Gas Beer, wine sales fall even more, putting tax revenues on the rocks, but one boozy drink is on the rise Retail & Marketing Posthaste: Canadians are paying more than lip service to Buy Canada — and now the numbers prove it News