TC Transcontinental sells Boucherville warehouse for $34.9M to reduce debt and fund growth.

TC Transcontinental has sold its warehouse in Boucherville, Québec, to Placements Carrousel inc. for $34.9 million. This sale is part of the company's plan to monetize real estate assets announced in December 2023. The net proceeds will be used to reduce the company's net indebtedness and support strategic growth investments. This move follows TC Transcontinental's recent sale of its Packaging Sector and aligns with its focus on retail marketing and educational publishing.