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May 4, 2026 4:40 PM

TC Transcontinental sells its Boucherville Warehouse to Carrousel

MONTRÉAL, May 04, 2026 (GLOBE NEWSWIRE) -- TC Transcontinental (TSX:TCL, TCL.B)) announces the sale of its warehouse located in Boucherville, Québec, to Placements Carrousel inc., the parent company of Emballages Carrousel whose head office is in Boucherville, for a consideration of $34.9 million.

"This transaction is part of our plan to monetize real estate assets announced in December 2023," said Donald LeCavalier, Executive Vice President and Chief Financial Officer of TC Transcontinental. "The net proceeds from the sale will be used to further reduce our net indebtedness and to continue our strategic growth investments."

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