TC Transcontinental to close its Saint-Hyacinthe printing plant in Quebec in April 2024; plant's activities will gradually be transferred to other plants in company's printing network, mainly to a plant located in Montreal

Sample article from our Printing & Publishing

MONTREAL , February 2, 2024 (press release) –

TC Transcontinental (TSX: TCL.A TCL.B) announced today that it will gradually reduce operations at its printing plant in Saint-Hyacinthe (Québec), with a complete closure scheduled in April 2024. Its activities will gradually be transferred to other plants of the TC Transcontinental Printing network, mainly to the plant located in the Anjou borough of Montréal.

“With the end of Publisac announced on November 3 and its gradual replacement by raddar^TM, printed at our Anjou plant, we regretfully had to make the decision to close our Saint-Hyacinthe plant,” said Pierre Deslongchamps, Senior Vice President, Retail, Newspapers, Distribution, Magazines, Books and Catalogues, TC Transcontinental Printing. “Closing a plant we’ve operated since acquiring it in 1979 is a difficult decision, and we sincerely thank our employees, past and present, who have formed a solid team over the years. We are sorry for the impact this closure will have on our 190 employees affected and their families. We will ensure that all employees are treated with respect and offer them career transition support, while pursuing relocation opportunities.”

About TC Transcontinental

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. For over 45 years, TC Transcontinental's mission has been to create quality products and services that allow businesses to attract, reach and retain their target customers.

Respect, teamwork, performance and innovation are the strong values held by the Corporation and its employees. TC Transcontinental's commitment to its stakeholders is to pursue its business activities in a responsible manner.

Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 8,000 employees, the majority of which are based in Canada, the United States and Latin America. TC Transcontinental generated revenues of C$2.9 billion during the fiscal year ended October 29, 2023. For more information, visit TC Transcontinental's website at www.tc.tc.

– 30 –

For more information, please contact

Media
Nathalie St-Jean
Senior Advisor, Corporate Communications
TC Transcontinental
Telephone: 514-954-3581
nathalie.st-jean@tc.tc

Financial Community
Yan Lapointe
Director, Investor Relations and Treasury
TC Transcontinental
Telephone: 514-954-3574
yan.lapointe@tc.tc

About us

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.