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Transcontinental Inc TCLCF


Primary Symbol: T.TCL.A Alternate Symbol(s):  TCLAF | T.TCL.B

Consumer Cyclical Packaging & Containers
Transcontinental Inc. is engaged in flexible packaging in North America and in retail services in Canada. It is also Canada’s largest printer. It conducts business in Canada, the United States, Latin America and the United Kingdom in three separate sectors: the Packaging Sector, the Retail Services and Printing Sector and the Media Sector. Its Packaging Sector specializes in extrusion, lamination, printing, and converting packaging solutions, manufacturing of flexible plastic, including rollstock, labels, die cut lids, shrink films, bags and pouches and advanced coatings. The Retail Services and Printing Sector includes integrated retail service offerings, including digital and printed advertising content production and delivery services, in-store marketing products, as well as an array of print solutions for newspapers, magazines, four-color books and personalized and mass marketing products. The Media Sector offers print and digital publishing products, in French and English.


TSX:TCL.A - Post by User

Transcontinental Inc
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Post by Betteryear2on Oct 28, 2024 2:51pm
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Post# 36285492

Sells its Industrial Packaging Operations T.TCL.A

Sells its Industrial Packaging Operations T.TCL.AMONTREAL, Oct. 28, 2024 (GLOBE NEWSWIRE) -- TC Transcontinental (TSX: TCL.A TCL.B) announces the sale of its industrial packaging operations to Hood Packaging Corporation for a price of US$95 million (about C$132 million1) subject to working capital adjustments. These operations generated approximately US$50 million (about C$68 million2) in revenues during the last twelve months ended July 28, 2024. The Corporation anticipates using the net proceeds to continue reducing net debt in line with its business priorities. This will increase its flexibility in capital allocation, including targeted acquisitions in growth segments.

TC Transcontinental Sells its Industrial Packaging
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