ProAmpac to Acquire TC Transcontinental Packaging

ProAmpac has reached a definitive agreement to acquire TC Transcontinental Packaging (TCP) for $1.51 billion, a move that would mark one of the largest transactions in the flexible packaging sector, according to company statements and industry reporting. 

The deal is expected to close in the first quarter of 2026, pending regulatory and shareholder approval, and would significantly reshape ProAmpac’s position in global packaging markets.

TCP, headquartered in Chicago, generated about $1.2 billion in revenue over the 12 months ending July 27. The acquisition would add scale across North America, the United Kingdom, Latin America and New Zealand while deepening ProAmpac’s presence in the dairy, meat, medical and pharmaceutical segments, areas analysts say have shown steady, recession-resistant demand. Sector observers note that packaging consolidation has accelerated over the past three years as companies seek capacity, technology and material-science capabilities to support sustainability mandates.

ProAmpac, backed by Pritzker Private Capital, has pursued a multi-year strategy of combining specialty materials development with end-market diversification. Industry data from consulting firms tracking packaging innovation show rising demand for barrier films, monomaterial formats and fiber-based solutions as brands look to meet 2030 environmental targets and prepare for upcoming recyclability and extended-producer-responsibility rules in the U.S. and Europe. The company says the addition of TCP will help speed the commercialization of these products.

Executives from both companies described the deal as culturally and strategically aligned. ProAmpac founder and CEO Greg Tucker said the transaction will broaden the company’s reach in protein, dairy and healthcare markets while strengthening its technical development pipeline. Isabelle Marcoux, executive chair of Transcontinental Inc., said the sale places TCP in an environment that mirrors its customer-centric operating model, adding that the unit’s workforce will benefit from ProAmpac’s focus on advanced materials.

Pritzker Private Capital’s investment team said the acquisition reinforces its long-term plan to expand ProAmpac through both organic initiatives and selective purchases. Analysts say the move signals sustained investor confidence in packaging segments tied to food security, healthcare and logistics, despite soft demand in other consumer categories.

Advisory roles were split among several major firms. Goldman Sachs acted as lead financial adviser to ProAmpac, with J.P. Morgan Securities also advising. Kirkland & Ellis and McCarthy Tétrault provided legal counsel.

 Source: ProAmpac

SUNSHINE Spotlight: ProAmpac’s $1.51 billion acquisition of TCP signals a decisive push to scale its global platform and accelerate sustainable-materials development.