Canada's Transcontinental to sell its packaging unit in $1.61 billion deal

Transcontinental

08/12/2025 13:08

Dec 8 (Reuters) - Canadian firm Transcontinental TCLa.TO said on Monday it has entered into a stock purchase agreement to sell its packaging unit to ProAmpac Holdings, valuing it at C$2.22 billion ($1.61 billion), including debt.

($1 = 1.3802 Canadian dollars)

 (Reporting by Anshuman Tripathy in Bengaluru; Editing by Shinjini Ganguli)

 ((Anshuman.Tripathy@thomsonreuters.com;))