Source: bgiretail.com
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • TC Transcontinental (TCL.A) has acquired BGI Retail Inc., a full service in-store design and solution partner for retailers and global brands
  • BGI Retail’s focus on in-store marketing (ISM) is aligned with TC Transcontinental Printing’s existing ISM group
  • The acquisition is expected to generate an additional $200 million in revenue per year
  • TC Transcontinental is a leader in flexible packaging in North America, and Canada’s largest printer
  • Transcontinental Inc. (TCL.A) is down 0.22 per cent on the day, trading at $22.46 per share

TC Transcontinental (TCL.A) has acquired BGI Retail Inc., a full-service in-store design and solution partner for retailers and global brands.

The transaction is aligned with TC Transcontinental’s objective to grow its in-store marketing (ISM) vertical, where the company’s ISM group is already a leading player in Canada.

BGI Retail’s capabilities are a natural fit with the ISM group’s offering, which includes the conception, design and building of the full range of indoor and outdoor signage, displays, fixtures and furniture for retail spaces whether made from paper, cardboard, plastic, wood, or metal.

Brian Reid, President of TC Transcontinental Printing, commented on the acquisition.

“With this acquisition, we are in a stronger position to offer full-service ISM solutions with a broad range of attractive and innovative products and services,” he remarked, adding, “As retailers prepare for a post-pandemic environment by reinvesting to optimize the in-store customer experience, TC Transcontinental stands ready to help with its comprehensive ISM products and services offering.”

BGI Retail is located in Paris, Ontario, and employs 123 people. The company is focused on in-house design, engineering, manufacturing, installation, and management of retail solutions and brand-defining consumer experiences for both retailers and global brands.

TC Transcontinental Printing’s ISM group now employs more than 700 people with the addition of the BGI Retail team and expects to generate revenues of close to $200 million annually.

Kristian Carson, principal of BGI Retail, commented,

“This is a great strategic move for two companies that share similar visions, values and culture. BGI’s constant focus on evolution made us explore many options over the last few years, and none held the opportunities that joining forces with TC Transcontinental can provide.”

TC Transcontinental is a leader in flexible packaging in North America, and Canada’s largest printer.

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.

Transcontinental Inc. (TCL.A) is down 0.22 per cent on the day, trading at $22.46 per share as of 9:59 am ET.

More From The Market Herald
TAAT Lifestyle & Wellness Ltd.

" TAAT (CSE:TAAT) closes acquisition of Ohio-based tobacco distributor

TAAT Global Alternatives (TAAT) has completed its acquisition of HLND Holdings, Inc.

" Unisync (TSX:UNI) withdraws its OCFC2 bid

Unisync (UNI) has reassessed the economic feasibility of a previous opportunity with the Department of National Defence.
George Weston Limited. - CEO, Galen G Weston

" George Weston Limited (TSX:WN) announces NCIB

George Weston Limited (WN) has received approval for a normal course issuer bid.
good natured Products - CEO, Paul Antoniadis.

" good natured Products (TSXV:GDNP) begins trading on the OTCQX and announces DTC eligibility

Common shares of good natured Products (GDNP) have begun trading on the OTCQX Best Market in the United States under the symbol GDNPF.