Court approves Cenveo's acquisition of National Envelope
Cenveo, Inc. announced that the US Bankruptcy Court for the District of Delaware approved the sale of National Envelope's assets. In conjunction with Hilco Receivables (acquiring substantially all the accounts receivable) and Southern Paper (purchasing the inventory), Cenveo will acquire substantially all of the assets of National Envelope. The parties expect the sale to formally close on September 16, 2013.
ByLesprom Network
Sep 16, 2013. /Lesprom Network/. Cenveo, Inc. announced that the US Bankruptcy Court for the District of
Delaware approved the sale of National Envelope's assets. In conjunction with
Hilco Receivables (acquiring substantially all the accounts receivable) and
Southern Paper (purchasing the inventory), Cenveo will acquire substantially
all of the assets of National Envelope. The parties expect the sale to formally
close on September 16, 2013, as the company
said in the press release received by Lesprom Network.
Cenveo, headquartered in Stamford, Connecticut, is a leading
global provider of print and related resources, offering world-class solutions
in the areas of custom labels, specialty packaging, envelopes, commercial
print, content management and publisher solutions.
National Envelope is the largest privately-held manufacturer of
envelopes in North America. The company is an
environmental leader in the paper and envelope converting industries with
certifications from the Forest Stewardship Council (FSC), Rainforest Alliance,
Sustainable Forestry Initiative® (SFI), Programme for the Endorsement of Forest
Certification (PEFC), and Green Seal.
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