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TC Transcontinental Packaging Acquires Colombian Packaging Maker Banaplast
Wednesday 22 June 2022

Canada-based flexible packaging and advanced coatings company Transcontinental Inc. (TSX: TCL.A) has acquired Colombia-based flexible packaging firm Banaplast S.A.S., the company said.

Banaplast is active in the protection of crops in the banana and plantain agro-industrial sector and other fruit plantations.

The founders of Banaplast were advised on the transaction by Vistra Advisors.

TC Transcontinental Packaging, a sector of TC Transcontinental, is in flexible packaging and advanced coatings with operations mostly in the United States, as well as in Canada, Colombia, Costa Rica, Ecuador, Guatemala, Mexico, the United Kingdom and New Zealand with around 4,000 employees.

Its platform is now comprised of one premedia studio and 29 production plants specializing in recycling, extrusion, lamination, printing, coating and converting.

TC Transcontinental is in flexible packaging in North America, and Canada's largest printer. The Corp. is also the leading Canadian French-language educational publishing group.

Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 8,000 employees, the majority of which are based in Canada, the United States and Latin America.

TC Transcontinental had revenues of more than CDN 2.6bn for the fiscal year ended October 31, 2021.
Date Published: 22/06/2022