Moving and Shaking: Transcontinental Enters Flexible Market

"This acquisition represents an important strategic move for the Corporation into a new promising growth area," said François Olivier, president and CEO of Transcontinental Inc. "It is part of our strategy to ensure our future growth path through diversification. Over the past year we evaluated various industries where we could leverage our manufacturing competency, a great success for us in the past." He explained that they immediately identified the printed flexible packaging industry as a natural fit given that the production process is very similar to TC Transcontinental's printing operations and the market offers many growth opportunities. "We are very excited to partner with Schreiber Foods for the long term, which will provide us with a recurring revenue stream, and look forward to fostering our relationship over the coming years," he said.