ESTABLISHING KEY PARTNERSHIPS
TC TRANSCONTINENTAL
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ESTABLISHING KEY PARTNERSHIPS
In May 2018 , TC Transcontinental completed the acquisition of Coveris Americas , inclusive of the Advanced Coatings business segment . Recognized as one of the top 10 converters of flexible packaging and other value-added products in North America , Coveris Americas manufactured a range of flexible plastic and paper products such as bags and pouches , shrink films , coextruded films and coated substrates and labels . “ TC Transcontinental had been focused on diversifying its printing and media assets to ensure its long-term growth and initiated its strategic shift in 2014 with a first acquisition in the flexible packaging industry ,” explains Adams . “ That leveraged manufacturing as their core competency and they invested in approximately six smaller acquisitions , generating about CAD $ 300mn in annual revenues . When Coveris Americas became available ; it was a great opportunity for TC Transcontinental to continue the transformation of the company . Now , packaging is the largest sector of TC Transcontinental , and it ’ s become the engine of the company ’ s strategic
MAY 2019