- 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.
- Previous: Cenveo looks to rally again following big move
at CNBC.com (Aug 6, 2014)