TC Transcontinental expands its capabilities in the lidding and labels markets

Transcontinental Inc. (TSX: TCL.A TCL.B) announced that it has acquired H.S. Crocker Co., Inc., a manufacturer of die cut lids for the food industry and labels for the pharmaceutical industry. Primarily serving North American customers, with approximately 150 employees, H.S. Crocker operates two facilities, in Huntley, Illinois, and Exton, Pennsylvania. For the 12 months ending July 31, 2021, H.S. Crocker’s consolidated sales were around US$50 million.

“H.S. Crocker is a die cut lidding leader in North America, serving markets that are highly strategic for us,” said Thomas Morin, President of TC Transcontinental Packaging. “The integration of H.S. Crocker’s Huntley facility to our platform will broaden our packaging solutions portfolio, especially in the dairy, coffee lids as well as shelf stable and chilled desserts markets, and provide significant cross-selling opportunities with our respective customers. As for the Exton plant, it will allow us to expand our pharmaceutical and medical expertise in the advanced coatings product offering through the addition of value-added and specialized labels, while increasing our market share in the healthcare industry. We are also planning on leveraging the excess capacity within both H.S. Crocker’s facilities in order to support our organic growth. We wish to extend a warm welcome to all of H.S. Crocker’s talented employees.”

This is TC Transcontinental’s ninth flexible packaging acquisition since entering the industry in 2014. TC Transcontinental Packaging is a leader in flexible packaging and advanced coatings with operations mostly in the United States, as well as in Canada, Guatemala, Mexico, Ecuador, the United Kingdom, New Zealand and China with about 3,900 employees. Its platform is now comprised of one premedia studio and 28 production plants specializing in recycling, extrusion, lamination, printing, coating and converting.