Press Release

Morgan Lewis Advises TC Transcontinental on Capri Packaging Acquisition

March 24, 2014

PHILADELPHIA, March 24, 2014: Transcontinental Inc. announced that it entered into a definitive agreement under which it agreed to acquire the assets of Capri Packaging, a supplier of printed flexible packaging, for a purchase price of $133 million. The transaction is subject to regulatory approval in the United States.

TC Transcontinental will be acquiring two facilities in Clinton, Mo., which employ close to 200 people, and generate approximately $72 million in annual revenues. Capri Packaging is a division of Green Bay, Wis.-based Schreiber Foods, Inc., a $5 billion employee-owned dairy company. As part of the transaction, the seller, Schreiber Foods, Inc. has signed a 10-year agreement to secure Capri Packaging as a strategic supplier of printed flexible packaging.

TC Transcontinental is the largest printer and leading provider of media and marketing activation solutions in Canada. Montreal-based Transcontinental Inc., including TC Transcontinental, TC Media and TC Transcontinental Printing, has over 9,000 employees in Canada and the United States, and revenues of C$2.1 billion in 2013.  Schreiber Foods is the largest employee-owned dairy company in the world, with annual sales of more than $5 billion.

Morgan Lewis served as legal counsel to TC Transcontinental on the transaction led by Business and Finance Practice partner Richard Aldridge and including associates Andrew Mariniello and Stephanie Hu. Also assisting on the transaction were Real Estate Practice of counsel Eric Marcuson, Antitrust Practice partner Harry Robins, FDA Practice partner Kathleen Sanzo and Employee Benefits and Executive Compensation Practice partner R. Randall Tracht and of counsel Randall McGeorge.

For further information about the transaction, please see Transcontinental’s press release.