Transcontinental Inc. to Double its Packaging Revenues With Additional Acquisition

Transcontinental Inc. to Double its Packaging Revenues With Additional Acquisition

MONTREAL, QUEBEC — (Marketwired) — 09/01/15 — Transcontinental Inc. (TSX: TCL.A)(TSX: TCL.B) announced today that it entered into a definitive agreement to acquire Ultra Flex Packaging Corp., a supplier of flexible packaging, located in Brooklyn, New York, for US$80 million to be paid in cash at closing plus an additional consideration payable subject to attaining pre-established financial targets. Ultra Flex Packaging employs close to 300 people and generated US$72 million in annual revenu