Transcontinental

Summary
Transcontinental Inc. engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through Packaging, Printing, and Media sectors. The Packaging sector engages in the extrusion, lamination, printing, and converting packaging solutions; and manufacturing and recycling flexible plastic, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings. This sector serves agriculture, beverage, cheese and dairy, coffee and tea, frozen, health and wellness, home and personal care, industrial, lawn and garden, meat and protein, pet food, snacks, confection and dairy foods, tobacco, music, and entertainment markets, as well as supermarkets. The Printing sector provides integrated services for retailers, such as premedia services, flyer and in-store marketing product printing, and door-to-door distribution, as well as print solutions for newspapers, magazines, 4-color books, and personalized and mass marketing products. The Media sector is involved in printing and digital publishing of educational and trade books, and specialized publications for professionals and newspapers in French and English. Transcontinental Inc. was founded in 1976 and is headquartered in Montreal, Canada.

History

The company was founded in 1976 by Rémi Marcoux and partners Claude Dubois and André Kingsley as a flyer-printing business. It generated $2.9 million in revenue in its first year of operations. In 1978, the company was renamed GTC Transcontinental Group, and it established a Door-to-door distribution division known as Publi-Home Distributors.In 1979, the company entered the publishing industry after acquiring Les Journal des Affaires and SIC. It also purchased the Imprimerie Chartier printing plant. In 1984, the company went public on the Montreal Exchange, and later the Toronto Stock Exchange. Transcontinental subsequently performed a number of acquisitions over the decade that followed, including 20 Telemedia-owned community newspapers in the Montreal area, The Hockey News, and a number of commercial printing companies , among others. In November 1999 Transcontinental acquired Canada's Information Technology publishing house Plesman Communications Inc., publishers of Computing Canada, CDN Computer Dealer News and Direction Informatique, among others. On January 29, 2000, GTC Transcontinental announced its acquisition of the publishing business of Telemedia for $150 million, including Canadian Living, Homemakers, and the Canadian editions of Elle and TV Guide. In 2002, Transcontinental acquired 12 newspapers and two printing plants in Atlantic Canada and Saskatchewan from CanWest Global for $255 million, in what was one of the company's largest transactions to date. In 2003, after receiving the contract to print La Presse, the company established its new Transcontinental Métropolitain printing plant.In 2011, Transcontinental reached an agreement to exchange assets with the U.S. printer Quad/Graphics, acquiring six of its Canadian plants and a prepress in Markham, Ontario, in exchange for Transcontinental's Mexican operations, and a stake in a black-and-white book printing operation owned by the company. In 2012, Rémi Marcoux stepped down as chair of the board, and was succeeded by his daughter Isabelle Marcoux.In December 2013, Quebecor Media subsidiary Sun Media announced that it would sell 74 of its community newspapers in Quebec to Transcontinental in a deal valued at $75 million. The Competition Bureau approved the sale in May 2014, under the condition that Transcontinental divest 34 of its Quebec newspapers for competition reasons. To comply with the conditions, Transcontinental sold 14 newspapers to other parties , and shut down 20 of them entirely.In March 2014, Transcontinental acquired U.S.-based Capri Packaging to expand into the flexible packaging market. The company described it as a "new promising growth area", amidst softening revenue in advertising, and decreases in its core printing businesses. In November 2014, Transcontinental sold 15 of its consumer magazines, including Canadian Living and The Hockey News, to Quebecor's Groupe TVA for $55.5 million. Transcontinental also received a contract to print magazines and marketing materials for TVA through 2021. The company stated that it wanted to focus more on its local properties.In May 2016, Transcontinental sold its 13 newspapers in Saskatchewan to Star News Publishing of Alberta. As a result, a Transcontinental plant in Saskatoon was also shut down. On December 1, 2016, Transcontinental Media acquired Rogers Media's financial industry publications, including Advisor's Edge, Avantages, Benefits Canada, Canadian Insurance Top Broker, Conseiller, Canadian Investment Review and the Canadian Institutional Investment Network. Rogers intended to focus more on its consumer publications.On April 13, 2017, Transcontinental announced that it had sold all of its properties and four printing plants in Atlantic Canada to SaltWire Network, a newly formed parent company of The Chronicle Herald. On April 18, 2017, Transcontinental announced that it planned to place 93 of its remaining newspapers in Ontario and Quebec for sale, in order to "contribute to the continued sustainability of local media and to foster greater connections with the advertisers and communities they serve", and to focus more on its educational publishing and specialty media operations.In April 2018, Transcontinental announced that it would acquire Coveris Americas for US$1.3 billion, its largest acquisition to-date, as part of an effort to bolster its flexible packaging business. Isabelle described the proposed purchase as one that would " our strategic shift toward flexible packaging and solidifies our commitment to profitable growth". The purchase would make Transcontinental the seventh-largest packaging company in North America.On September 19, 2019, Transcontinental divested its financial industry publications between Contex Media and Newcom Media.On September 24, 2021, Francois Olivier announced that he would retire and step down as CEO on December 10, after 13 years in the position and 28 years with the company overall. Board member Peter Brues was named the new CEO of Transcontinental.


Mission
Transcontinental Inc.'s mission is to be the leading provider of quality news and content, while using our reliable and innovative media platforms to reach and engage customers around the globe.

Vision
Transcontinental Inc. aspires to be a trusted partner for our customers by providing relevant and engaging content, everywhere across all media platforms.

Key Team

Ms. Christine Desaulniers (Chief Legal Officer & Corp. Sec.)

Mr. Brian Reid (Exec. Officer)

Mr. Thomas Gaston-Louis Morin (Pres of TC Transcontinental Packaging)

Mr. Benoit Guilbault (Chief Information Officer)

Yan Lapointe (Director of Investor Relations)

Mr. Francois Taschereau (VP of Corp. Communications & Public Affairs)

Mr. Eric Morisset (Chief Corp. Devel. Officer)


Recognition and Awards
Transcontinental Inc. has earned numerous awards for its media projects, including the Broadcasting and Cable Hall of Fame's 'Company of the Year' and the CRTC's 'Television Production Company of the Year Award'.

References
Transcontinental
Leadership team

Mr. H. Peter Brues (Pres, CEO & Director)

Mr. Remi Marcoux C.M., CM, F.C.A., FCPA, O.Q. (Founder & Director)

Mr. Donald LeCavalier (Chief Financial Officer)

Products/ Services
Advertising, Marketing, Publishing
Number of Employees
1,000 - 20,000
Headquarters
Montréal, Quebec, Canada
Established
1976
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
TCL-A.TO
Social Media
Sat Feb 24 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium