TC Transcontinental sells paper and woven polypropylene packaging operations to Hood Packaging

TC Transcontinental agreed to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for US$180 million, subject to working capital adjustments. Closing is expected in the first quarter of fiscal 2020.

“TC Transcontinental announced today that it has reached a definitive agreement to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for a price of US$180 million”tctranscontinental.com

• 3 sources
• tctranscontinental.comTC Transcontinental enters into a definitive agreement with Hood Packaging Corporation for the sale of its paper and woven polypropylene packaging operations | TC TranscontinentalNov 27, 2019
• lesaffaires.comTC Transcontinental cède des activités d'emballage pour 239 M $ - Les AffairesNov 27, 2019
• printcan.comTranscontinental Selling Off Part of Packaging Division - PrintCANDec 4, 2019

Summarized from public sources; check the original articles before acting on it.