- Cincinnati-based flexible packaging specialist ProAmpac agreed to acquire Chicago-based TC Transcontinental Packaging from parent company TC Transcontinental for approximately $1.51 billion, the companies announced Monday.
- ProAmpac says the acquisition will help it grow in dairy, meat, medical and pharmaceutical end markets, in addition to advancing the development of barrier films, monomaterial structures and fiber-based solutions.
- The deal is expected to close in the first quarter of 2026, subject to customary conditions.
ProAmpac to acquire TC Transcontinental Packaging for $1.5B | Packaging Dive
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Crown Holdings, Inc. has received the Aluminium Stewardship Initiative (ASI) Chain of Custody (CoC) Standard V2 (2022) Certification for its Mexican operations—the latest addition to a series of responsible sourcing credentials around the globe. By monitoring materials into their downstream stages, the certification aims to verify whether organizations maintain due diligence as their products move throughout their complete life cycles. For Crown, this achievement underscores a commitment to transparency and demonstrates a focus on product stewardship as part of the Company's Twentyby30™ sustainability program. The ASI CoC Standard V2 applies to the production of beverage cans, can ends and ROPP closures at Crown Mexico facilities, including Crown Ensenada, Crown Guadalajara, Crown Toluca, Crown Latas Monterrey, Crown Cierres Monterrey and its headquarters in Monterrey, Mexico. Comprising a collective annual production capacity of 6.85 billion beverage cans, 6.7 billion can ends and 400 million ROPP closures, the facilities originally received Performance Standard V2 (2017) in January 2022.
Crown Holdings, Inc. (NYSE: CCK) today announced its financial results for the second quarter ended June 30, 2017.
It’s corrugated’s world, and alternative shipping formats are just living in it. But now, FedEx and Returnity have launched a reusable shipping offering for B2B customers that they say cracks the code on working in FedEx’s logistics network just as well as, if not better than, traditional single-use fiber-based boxes.
“The entire logistics world has been built around corrugated for decades and decades,” said Mike Newman, CEO of reusable packaging manufacturer Returnity. “When everything is built for corrugated, it’s not actually that easy to integrate something other than corrugated.”
There are multiple layers to the single-use vs. reusable container cost analysis, according to Newman. First is potential savings on materials like corrugated boxes and tape. There are also labor efficiencies: Newman said pilots showed that unpacking the reusable containers saves about 30 seconds of time compared with single-use containers. “They pop open, they collapse flat, you’re not cutting with box cutters,” he said, also noting that eliminating the box cutter reduces risk for damaging the products inside.
Returnity and FedEx claim a 30% cost savings for some customers that opt for reusables over corrugated. There’s also better cost predictability with reusables, Newman said.