15 September 2020
Transcontinental -Packaging Up, Printing Down
MONTREAL—
Still Canada's largest printer by over a billion dollars
Still Canada's largest printer by over a billion dollars
Transcontinental revenues decreased by $141.5 million, or 19.4%, from $728.9 million in the third quarter of 2019 to $587.4 million in the corresponding period of 2020.  The Packaging Sector, benefiting from a significant increase in volume in several segments supporting the retail supply chain for food and everyday consumer products, and despite the impact on revenues of lower raw material costs, generated solid organic growth of $6.7 million.
The overall decrease in sales is  attributable to lower volume in the
Transcontinental bought Coveris Packaging in 2018 with almost $1 billion in sales
Transcontinental bought Coveris Packaging in 2018 with almost $1 billion in sales
Printing Sector, mostly due to the impact of the COVID-19 pandemic, and to the impact of the disposal of the paper packaging operations ($67.4 million). The sale of the specialty media assets and event planning activities also contributed to this decrease
 Transcontinental is  listed by Graphic Monthly as Canada's largest printer  with over 9,000 employees, the majority of which are based in Canada, the United States and Latin America.  Transcontinental had been shifting from a printing to packaging company  over the last several years.
 
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