- Transcontinental (TCL.A) has acquired Banaplast S.A.S., a flexible packaging company based in Armenia, Colombia
- Banaplast is active in the protection of crops in the banana and plantain agro-industrial sector and other fruit plantations
- TC Transcontinental Packaging, a sector of TC Transcontinental, is a leader in flexible packaging and advanced coatings
- Transcontinental Inc. (TCL.A) was down 3.59 per cent, trading at C$15.31 per share at 12:55pm ET
Transcontinental (TCL.A) has acquired Banaplast S.A.S., a flexible packaging company based in Armenia, Colombia.
Banaplast is active in the protection of crops in the banana and plantain agro-industrial sector and other fruit plantations.
“The acquisition of Banaplast aligns with our growth strategy of innovation and proximity to key markets in the agro-industrial segment. With Banaplast we are expanding our offering, namely with banana tree bags and agro-mulches. Banaplast also expands our network of existing operations in Costa Rica, Ecuador, Guatemala and Mexico,” said Ricardo Garcia Merlo, Senior Vice President and Managing Director, Latin America at TC Transcontinental Packaging.
Angela Maria Jaramillo Botero and Juan Carlos Fajardo Pulido, the founders of Banaplast, also provided their comments.
“We are pleased that Banaplast is joining TC Transcontinental, a corporation with a successful 45-year history. We are inspired by their entrepreneurial spirit, their long-term growth vision, and the company’s strong set of values. We are confident that Banaplast will thrive within TC.”
TC Transcontinental Packaging, a sector of TC Transcontinental, is a leader in flexible packaging and advanced coatings. The company’s platform comprises of one premedia studio and 29 production plants specializing in recycling, extrusion, lamination, printing, coating and converting.
TC Transcontinental is a leader in flexible packaging in North America and Canada’s largest printer. The corporation is also the leading Canadian French-language educational publishing group.
Transcontinental Inc. (TCL.A) was down 3.59 per cent, trading at C$15.31 per share at 12:55pm ET.