Bulletin: ProAmpac PG Intermediate LLC's Announced Acquisition Of TC Transcontinental Packaging Is Not Expected To Impact ICR

This report does not constitute a rating action. BOSTON (S&P Global Ratings) Dec. 10, 2025--S&P Global Ratings today said that ProAmpac PG Intermediate LLC's (B-/Stable/--) definitive agreement to acquire TC Transcontinental Packaging for $1.51 billion (C$2.1 billion) is not likely to impact its current issuer credit rating on the company. TC Transcontinental is a Canada-based leader in flexible packaging with operations primarily in the U.S., Canada, Latin America, and the U.K. The company offers a variety of flexible plastic products, including rollstock, labels, die cut lids, shrink films, bags and pouches, and advanced coatings. TC Transcontinental services a variety of markets, including dairy, coffee, meat and poultry, pet food, agriculture, beverage, home and personal care products, industrial, consumer, and medical

...December 10, 2025 This report does not constitute a rating action. BOSTON (S&P Global Ratings) Dec. 10, 2025--S&P Global Ratings today said that ProAmpac PG Intermediate LLC's (B-/Stable/--) definitive agreement to acquire TC Transcontinental Packaging for $1.51 billion (C$2.1 billion) is not likely to impact its current issuer credit rating on the company. TC Transcontinental is a Canada-based leader in flexible packaging with operations primarily in the U.S., Canada, Latin America, and the U.K. The company offers a variety of flexible plastic products, including rollstock, labels, die cut lids, shrink films, bags and pouches, and advanced coatings. TC Transcontinental services a variety of markets, including dairy, coffee, meat and poultry, pet food, agriculture, beverage, home and personal care products, industrial, consumer, and medical products. ProAmpac expects the combination will help it advance its development across barrier films, mono-material structures, and fiber-based solutions....

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