Market: Packaging Paper & Board
13 November, 22:31
Cenveo, Inc. announced that its wholly-owned subsidiary, Cenveo Corporation, has sold its office products envelope business commonly known as Quality Park Products, to LSC Communications, a global leader in traditional and digital print-related services and office products. The sale involves two facilities located in the U.S., as the company says in the press release received by Lesprom Network.
Robert G. Burton, Sr., Chairman and CEO stated: "Cenveo's Quality Park Products has built its leading position and strong reputation on servicing the office product markets to meet a variety of business customer needs. This divestiture allows Cenveo to focus on our core operations including labels, direct envelopes, print and content management. We remain committed to executing our plan of operating niche growth businesses while using our cash flow to invest in and grow our higher margin product groups and de-leveraging our balance sheet."
Cenveo is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, envelopes, commercial print, content management and publisher solutions.