ProAmpac Holdings Inc.’s Acquisition of the Packaging Business of TC Transcontinental Update

MONTRÉAL, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Transcontinental Inc. (“TC Transcontinental”) (TSX: TCL.A, TCL.B) announces that, in connection with the proposed acquisition by ProAmpac Holdings Inc. of all of the issued and outstanding shares of the share capital of the entities which carry on the business of TC Transcontinental’s Packaging Sector (the “Transaction”), the waiting periods under the Competition Act (Canada) and the Hart-Scott Rodino Antitrust Improvements Act of 1976 (U.S.A.), as amended, have either expired or been terminated.

The Corporation expects that, subject to the satisfaction of customary conditions, the Transaction will close on March 6, 2026.

Forward-looking statement

This press release contains forward-looking statements regarding the expected closing of the Transaction which are based on the expectations of management and inherently subject to a certain number of risks and uncertainties, known and unknown. By their very nature, forward-looking statements are derived from both general and specific assumptions. The Corporation cautions against undue reliance on such statements since actual results or events may differ materially from the expectations expressed or implied in them.

The Corporation disclaims any obligation to update forward-looking statements except as required by law.

About TC Transcontinental

TC Transcontinental is a North American leader in flexible packaging, a Canadian retail marketing services provider, Canada’s largest printer, and the Canadian leader in French-language educational publishing. Founded in 1976, TC Transcontinental's mission has been to create quality products and services that allow businesses to attract, reach and retain their target customers.

Respect, teamwork, performance and innovation are the strong values held by the Corporation and its employees. TC Transcontinental's commitment to its stakeholders is to pursue its business activities in a responsible manner.

Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 7,600 employees, the majority of which are based in Canada, the United States and Latin America. TC Transcontinental generated revenues of $2.7 billion during the fiscal year ended October 26, 2025. For more information, visit TC Transcontinental's website at .