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HomeUncategorizedTranscontinental reports lower quarterly profit after announcing sale of packaging business

Transcontinental reports lower quarterly profit after announcing sale of packaging business

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Montreal-based Transcontinental is selling its packaging business to ProAmpac Holdings Inc. in a deal valued at $2.22-billion, including debt lease obligations.

Transcontinental Inc. TCL-B-T reported $42.9-million in net earnings attributable to shareholders during the fourth quarter, down about 10 per cent from $47.9-million during the same period a year earlier.    

On a per share basis, that amounted to 51 cents, down from 57 cents during the fourth quarter last year.  

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Ethan Radcliffe
Ethan Radcliffe is a senior reporter and digital editor at The Toronto Insider, specializing in Canadian federal policy, GTA urban development, and national economic trends. With over a decade of experience in North American journalism, Ethan focuses on translating complex legislative and economic developments into clear, accessible reporting for Canadian readers. Ethan’s work emphasizes policy analysis, government accountability, and data-driven reporting, with a strong focus on how federal and provincial decisions impact communities across the Greater Toronto Area and beyond. He has covered infrastructure planning, housing policy, fiscal strategy, and regulatory changes affecting Canadian households and businesses. A graduate of Toronto Metropolitan University’s School of Journalism, Ethan brings expertise in investigative reporting, long-form analysis, editorial standards, and digital publishing best practices. His reporting is guided by verifiable sources, public records, and transparent sourcing. In addition to reporting, Ethan has experience in newsroom editing, fact-checking workflows, SEO-informed journalism, and audience analytics, ensuring stories meet both editorial integrity standards and modern digital discoverability requirements. Ethan is committed to objective, fact-driven journalism and adheres to established ethical guidelines, prioritizing accuracy, clarity, and public trust in all reporting.

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