TC Transcontinental announced that it has reached a definitive agreement to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for a price of $180 million subject to working capital adjustments. These operations generated approximately $215 million in revenues for fiscal 2019 ended Oct. 27, 2019. The Corporation anticipates using the net proceeds from this transaction to reduce debt in line with its goal to bring its net indebtedness ratio below 2.0x, as ...