MONTREAL, Quebec — December 8, 2025 — TC Transcontinental Inc. has announced a major corporate move that will impact its operations in Clinton, Missouri. The company has entered into a stock purchase agreement with ProAmpac Holdings Inc., under which ProAmpac will acquire all issued and outstanding shares of the entities that make up TC Transcontinental’s Packaging Sector.
This transaction — valued at approximately $2.10 billion Canadian dollars (about $2.22 billion enterprise value, including assumed debt and lease obligations) — represents TC Transcontinental’s complete divestiture from its packaging business. The Packaging Sector includes multiple facilities across North America, including the Clinton, Mo. plant.
The purchase price is subject to standard adjustments for debt, cash, and working capital. Upon closing, TC Transcontinental says it expects to issue a cash distribution of roughly $20.00 per share to its Class A and Class B shareholders, based on shares outstanding as of December 5.
The agreement still requires shareholder approval, regulatory clearance, and other customary conditions before it becomes final. No immediate operational changes for individual facilities — including the Clinton location — were announced in today’s release.
TC Transcontinental, headquartered in Montreal, is publicly traded on the Toronto Stock Exchange under the symbols TCL.A and TCL.B.
Local and regional updates regarding the Clinton facility will be shared as more information becomes available.
