Cenveo shares (CVO +3.8%) are up 8.1% AH following the company's acquisition of National Envelope for $20M in cash and $5M in stock. Other parties will acquire the accounts receivable and inventory of National Envelope, which entered Chapter 11 bankruptcy in June.
Upon integration, Cenveo expects the acquisition to add $300M to revenue and $30M in EBITDA. The company hopes the acquistion will expand its product line and geographic reach while achieving cost efficiencies.
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