Industry News, Mergers and Acquisitions

Transcontinental Inc. Completes Capri Packaging Acquisition

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By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

Transcontinental Inc. announced that it has completed the transaction for the acquisition of the assets of Capri Packaging, a producer of flexible packaging, operating two facilities located in Clinton, MO. The acquisition will add about US$72 million to TC Transcontinental’s revenues. As part of the transaction, the seller, Schreiber Foods, Inc. has signed a 10-year agreement to secure Capri Packaging as a strategic supplier of flexible packaging, which represents about 75% of Capri’s total ...

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